Tinubu gives Conditions for the Increment of Electricity Tariff Nationwide
Adebayo Adelabu, the Minister of Power showed that President Bola Tinubu stands firm that the country must get regular and incremental power supply before considering an increase in electricity tariffs.
He also said that Tinubu put a stop in the implementation of a hike in the electricity Tariff and insisted that a subsidy be paid for consuming power nationwide.
Adebayo Adelabu revealed this at a Press conference in Abuja on Wednesday, while speaking on the call for a cost reflective Tariff, which would move on to a hike in the amount payable for power.
“You cannot jump overnight and implement the cost-reflective tariff. I can tell you that, till today, the government still subsidizes power,” he said, emphasizing the importance of the power sector to any leader.
“Tariffs should have been raised months back”
Mr President said:
“Until we are able to achieve regular and incremental power supply, we can’t touch the tariff”.
He further stated:
“Now, I never said that it is not yet time to charge a cost-reflective tariff. Rather, I said a cost-reflective tariff is supposed to have been implemented months ago because it is the source of liquidity to the system.
“But for political reasons and empathy, you cannot cause an additional burden on Nigerians”.