Joseph Tegbe Confirms No Electricity Tariff Increase in 2026

On October 15, 2026, Nigeria's Minister of Power, Joseph Tegbe, stated that there are no plans to increase electricity tariffs under the administration of President Bola Ahmed Tinubu. This declaration was made during a groundbreaking ceremony for five interconnected mini-grid projects in Ibadan, Oyo State, which have a combined installed capacity of 17.7 megawatts and a supporting 17.74-megawatt-hour Battery Energy Storage System.

The projects are located in Bola, Jiboye, Molade-Adelubi, Ogo Oluwa, and Sooko-Elega, and are expected to provide electricity to communities in Akinyele, Ido, Ibadan North, Egbeda, and Lagelu. Tegbe emphasized that these initiatives would reduce dependence on private generators, attract investment, and support job creation.

He described the projects as part of the Federal Government's Renewed Hope Agenda and acknowledged the contributions of the Rural Electrification Agency, project developer Paras Energy and Natural Resources Development Limited, the World Bank, and the Ibadan Electricity Distribution Company. The Oyo State Government and local traditional rulers were also recognized for their support.