Electricity Tariff Hike: 100% subsidy for power insensitive – Adelabu

Adelabu added that an N2.9 trillion electricity subsidy in
2024 is too much of a burden for Nigeria.

“The recent tariff hike only affects 15 per cent of
electricity customers. We have 12 million, but this tariff affected only 1.5
million customers.

“It is because the government is sensitive that 100 per cent
of the subsidy will be removed. That is why we start with gradually removing
the subsidy for the selected customers,” he said.

Recall that the Nigerian Electricity Regulatory Commission,
NERC, on Tuesday approved a tariff hike for Band A customers.