Adelabu
The federal government says plans are ongoing to increase electricity tariffs “over the next few months”.
It, however, said that the planned increase needed to be balanced by subsidies for less-affluent electricity users. Bloomberg quoted the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, as giving this hint at the Africa Heads of State Energy Summit in Dar es Salaam, Tanzania, where Nigeria presented a $32 billion plan to expand electricity connections by 2030.The fresh move to raise tariffs comes amid mounting pressure from Nigeria’s debt-burdened electricity distribution companies for tariffs to be cost-reflective so they can improve their finances. Daily Trust
