The government recently increased tariff cost for Band A users less than a year after the country removed subsidy on petroleum.
The Federal Government says the new electricity tariff hike will only affect a small segment of the consumers – 1.5 million.
A recent hike in electricity tariff for Band A customers – people who enjoy at least 20 hours per day – had triggered conversation among Nigerians many of whom claim the country is still grappling with the effects of the removal of fuel subsidy and the ballooning inflation.
But the Minister of Power Adebayo Adelabu who recently hinted about the Federal Government’s push to stop electricity subsidy said the hike won’t affect the majority of Nigerians.
“From the policy formulation perspective, the recent increase in tariff for only Band A customers which is just 15 per cent of electricity consumers in Nigeria. As of the latest statistics, there are a little about 12 million customers in the sector and this [tariff hike] would only affect about 1.5 million customers,” he said.
“The remaining 10.5 million customers will continue to enjoy the government’s subsidy at about 70 per cent.”
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