Close Menu
GRASSROOTS PARROT
  • Home
  • News
    • Crime
    • Health
    • Education
    • Agric
    • Climate Report
    • Economy
    • Women Affairs
    • Special Reports
    • Africa
  • Investigations
  • Business
  • Politics
  • Environment
  • Sports
  • More
    • Entertainment
    • Opinions
    • Videos
    • Podcasts
    • Trending
  • About
    • Contact Us
    • Privacy Policy
Facebook X (Twitter) Instagram
Facebook X (Twitter) WhatsApp Telegram
GRASSROOTS PARROT
Subscribe
  • Home
  • News
    • Crime
    • Health
    • Education
    • Agric
    • Climate Report
    • Economy
    • Women Affairs
    • Special Reports
    • Africa
  • Investigations
  • Business

    BREAKING: CBN Reduces Interest Rate

    September 23, 2025

    Tinubu Signs Tax Reform Bills Into Law, Targets Investment and Revenue Growth

    June 26, 2025

    Tinubu Set To Sign Tax Reform Bills Into Law, Promises Fairer Economy For Nigerians

    June 26, 2025

    Blackout Looms As Electricity Workers Give Strike Notice

    June 5, 2025

    Emir Sanusi Woos Foreign Investors, Assures Opportunities, Profit Margin In Nigeria

    May 8, 2025
  • Politics

    Certificate Forgery: Nnaji Insists He’s Innocent, Says Resignation Misunderstood

    October 8, 2025

    Boko Haram Once Nominated Buhari For Peace Talks, Says Jonathan

    October 3, 2025

    Kano Governor Demands Removal Of Police Commissioner

    October 1, 2025

    Bauchi Governor Sacks Women Affairs Commissioner, Gives Reason

    September 29, 2025

    Tinubu Lacks Power To Direct INEC Boss To Go On Terminal Leave – Falana

    September 27, 2025
  • Environment
  • Sports
  • More
    • Entertainment
    • Opinions
    • Videos
    • Podcasts
    • Trending
  • About
    • Contact Us
    • Privacy Policy
GRASSROOTS PARROT
Home » Brace Up For Fresh Electricity Tariff Hike – FG Tells Nigerians
Uncategorized

Brace Up For Fresh Electricity Tariff Hike – FG Tells Nigerians

Editor1By Editor1February 3, 2025
Facebook Twitter WhatsApp Telegram
ELECTRICITY TARRIF

The Federal Government is asking Nigerians to brace up for fresh electricity tariffs in months.

Mrs. Olu Verheijen, President Bola Tinubu’s Special Adviser on Energy, said this in an interview in Dar es Salaam, Tanzania, according to Bloomberg.

Verheijen was in Tanzania attending a World Bank-backed conference where Nigeria presented a $32 billion plan to boost electricity connections by 2030.

Private investors are expected to contribute $15.5 billion and the rest will come from public sources, including the World Bank and African Development Bank.

The energy adviser said Nigeria’s power prices need to rise by about two thirds for many customers to reflect the cost of supplying it.

READ ALSO: Electricity Tariff Hike: Organised Labour Pickets KEDCO, NERC In Kano

Higher electricity tariffs, which need to be balanced by subsidies for less-affluent consumers, are required to fund the maintenance needed to improve reliability and to attract private investors into power generation and transmission, said Verheijen.

“One of the key challenges we’re looking to resolve over the next few months is transitioning to a cost-efficient but cost-reflective tariff,” Verheijen said.

This is needed “so the sector generates revenue required to attract private capital, while also protecting the poor and vulnerable,” she said.

READ ALSO: Electricity Tariff Hike: Band A Customers, Other Bands Cry Out Over Alleged Extortion By DISCOs

The move to raise tariffs comes amid mounting pressure from Nigeria’s debt-burdened electricity distribution companies for tariffs to be cost-reflective so they can improve their finances.

Nigeria’s privatised generation and distribution in 2013, yet prices set by the government’s Nigeria Electricity Regulatory Commission don’t cover the suppliers’ costs.

Government subsidies cover some of the difference, but profitability is hard to achieve.

Share. Facebook Twitter Telegram WhatsApp

Related Posts

JUST IN: BUK Gets New Vice-Chancellor

July 3, 2025

INEC Fires Back At Coalition Over Party Registration, Insists On Full Compliance With Law

June 19, 2025

Children’s Day: CHRICED Demands End To Malnutrition, Street Begging, Almajiri Neglect

May 27, 2025
Leave A Reply Cancel Reply

Latest Posts

Bribery Allegation: Kano Judicial Commission Sacks Worker, Demotes Court Registrar

February 10, 20251,081

Kano Govt Insists 6 p.m. to 6 a.m Curfew Remains Despite End of Hunger Protest

August 12, 20241,066

Kano Govt Clarifies Curfew Relaxation Amid Growing Rumours

August 4, 2024937

BREAKING: Kano Govt Suspends Curfew

August 12, 2024736
Don't Miss
Crime

72-Year-Old Man, Two Children Charged With Drug Peddling In Kano

By Editor IIIOctober 9, 2025

A 72-year-old man and his two children have been arraigned before Magistrate Court No. 28…

Bill To Create Ibadan State Passes Second Reading In House Of Reps

October 9, 2025

2,000 Couples Set To Wed In Kano State-Funded Mass Wedding

October 9, 2025

Police Suspend Enforcement Of Tinted Glass Permit Following Court Order

October 8, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Telegram
  • WhatsApp
About Us

Grassroots Parrot is a community-oriented online news medium focusing on social justice issues and how they are affecting people in the rural areas. We adopt tripod approaches of investigative, developmental and solution journalism to unearth developmental challenges and hold authorities accountable on possible...

Email Us: info@grassrootsparrot.com
Contact: +2348060183014

Facebook X (Twitter) WhatsApp Telegram
Recent Posts

72-Year-Old Man, Two Children Charged With Drug Peddling In Kano

October 9, 2025

Bill To Create Ibadan State Passes Second Reading In House Of Reps

October 9, 2025

2,000 Couples Set To Wed In Kano State-Funded Mass Wedding

October 9, 2025
Most Popular

Bribery Allegation: Kano Judicial Commission Sacks Worker, Demotes Court Registrar

February 10, 20251,081

Kano Govt Insists 6 p.m. to 6 a.m Curfew Remains Despite End of Hunger Protest

August 12, 20241,066

Kano Govt Clarifies Curfew Relaxation Amid Growing Rumours

August 4, 2024937
© 2025 GRASSROOTS PARROT
  • Home
  • About Us
  • Contact Us
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.

WhatsApp Share