Minister of Power, Mallam Sale Mamman, has dismissed concerns of a major hike in electricity tariff, saying there is no plan to significantly raise tariff.
Mallam Mamman said instead of a significant hike in electricity tariff, Nigerians should expect increased efficiency in the sector to reduce tariff, while managing headwinds from foreign exchange and inflation.
The clarification came amidst reports of a possible major increase in the tariff payable by electricity consumers nationwide beginning from July this year.
The power Minister in a statement issued in Abuja stated that the order by the Nigerian Electricity Regulatory Commission on April twenty-sixth, 2021 titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies, is a routine procedure.
He said the review being planned by the Nigerian Electricity Regulatory Commission was in accordance with Section seventy-six of the Electric Power Sector Reform Act of 2005.
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