We’re Paying Electricity Subsidy For 85% Of Consumers – FG

The Ministry of Information and National Orientation says 85% of Nigerian consumers continue to get power subsidies during the Tinubu administration.

This, according to Mohammed Idris, Minister of Information and National Orientation, reaffirms the administration’s legitimacy as a pro-people democratic government.

According to him, just 15% of power users are impacted by the recently announced increase in electricity rates.

The minister said this while giving a speech on Friday at the 4th Ministerial Briefing Session in Abuja.

Adebayo Adelabu, Minister of Power, and Oseni Musiliu, Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), were present during the briefing.

The discussion was based on the recently approved tariff review by NERC.

“Misconceptions and concerns around the tariff review are understandable. However, let me reassure every Nigerian that this review is a strategic step towards a more sustainable, efficient, and equitable electricity sector,” he said.

He further disclosed: “It lays the groundwork for significant improvements in service delivery, infrastructure development, and economic prosperity. Our focus must, therefore, remain steadfast on ensuring that the electricity sector’s transformation benefits all Nigerians, supports our industries, and propels our nation towards its bright future.

“You would also recall that President Bola Ahmed Tinubu signed the Electricity Act (Amendment) Bill, 2024, into law to further strengthen the governance structure in the power sector and mandate the GENCOs to set aside 5 per cent of their actual annual operating expenditure from the preceding year for the development of the host communities.

“The act also removed electricity from the exclusive list to empower the state government to generate and distribute electricity to residents.” [CONTINUE READING HERE]