The Federal Government has announced plans to increase electricity tariffs for customers in Band B and C. This means that customers outside Band A may soon pay higher rates for power.

The government aims to bring these tariffs closer to the N206 per kilowatt (kW) paid by Band A customers.

During a public event in Abuja, the Minister of Power, Chief Adebayo Adelabu, explained that the government can no longer afford to spend N3 trillion on power subsidies.

He also mentioned that electricity generation and distribution have improved by about 35% in 2024. To keep the power sector running smoothly, the government wants to make sure it remains financially stable.

While the details of the new tariffs are yet to be finalized, customers in Band B and C should expect changes soon.

‘We will look at the tariff again. I am not saying that we’re going to increase the tariff before I am misquoted.

We are going to look at it and see how we can improve upon our modest achievement of last year, not only to ensure that we grow the sector that we need but also to ensure that we can invest more in revamping all these dilapidated infrastructures.”

The migration to Band A should have been faster, but we found out that the DisCos refuse to invest. They have refused to invest in this sector.

A lot of investment is required for us to achieve an accelerated migration of lower-band customers into Band A. It is taking a lot of time.” he said