Nigeria's Minister of Power Confirms No Tariff Increase

On October 16, Joseph Tegbe, the Minister of Power, announced that the Federal Government of Nigeria has no plans to increase electricity tariffs. This assurance was given during the groundbreaking ceremony for a 17.7-megawatt (MW) interconnected mini-grid project in Ibadan, organized by the Rural Electrification Agency (REA).

Tegbe emphasized the government's commitment to improving power supply and achieving round-the-clock electricity across Nigeria without imposing higher tariffs on consumers. He reiterated that the mini-grid project reflects the government's dedication to increasing electricity generation and enhancing supply reliability.

Abba Aliyu, the managing director of the REA, stated that the project aims to deliver significant economic benefits and encourage private-sector investment. The additional power capacity is expected to support economic activities, attract investments, create jobs, and improve productivity for businesses.

The initiative is part of broader federal efforts to strengthen electricity infrastructure nationwide.