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

    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

    Dangote Accuses Oil ‘Cabal’ Of Sabotaging His $20B Refinery

    May 5, 2025

    CHRICED Slams Tinubu Over N10bn Aso Villa Solar Project, Calls For Minister’s Sack

    April 24, 2025

    Blackout Looms As GenCos Threaten Shutdown Over N4tn Electricity Debt

    April 14, 2025
  • Politics

    Obi Slams Tinubu’s Benue Visit, Says ‘Condolence Has Turned to Carnival’

    June 19, 2025

    Democracy Day: Full Text Of President Tinubu’s Address At joint National Assembly Session, Confers National Honours On 102 Nigerians

    June 12, 2025

    I Won’t Endorse Tinubu, Jonathan Had 22 PDP Govs Still Lost- Ndume

    June 10, 2025

    Akwa Ibom Governor Umo Eno Dumps PDP, Joins APC

    June 6, 2025

    Leadership Shake-Up: Ondo Deputy Speaker, Majority Leader Resign

    June 3, 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

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

NSCDC Detains Officers Over ₦5.2m Extortion

April 23, 2025
Leave A Reply Cancel Reply

Latest Posts

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

February 10, 20251,072

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

August 12, 20241,058

Kano Govt Clarifies Curfew Relaxation Amid Growing Rumours

August 4, 2024937

BREAKING: Kano Govt Suspends Curfew

August 12, 2024732
Don't Miss
News

Court Grants Senator Natasha ₦50m Bail In Defamation Case

By Editor IIIJune 19, 2025

The High Court of the Federal Capital Territory (FCT), sitting in Maitama, has granted bail…

Three Traders Dead, One Missing In Kebbi Canoe Mishap

June 19, 2025

Minister Atah Hails Tinubu’s Swift Response To Benue Killings, Reaffirms FG’s Commitment To Justice

June 19, 2025

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

June 19, 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

Court Grants Senator Natasha ₦50m Bail In Defamation Case

June 19, 2025

Three Traders Dead, One Missing In Kebbi Canoe Mishap

June 19, 2025

Minister Atah Hails Tinubu’s Swift Response To Benue Killings, Reaffirms FG’s Commitment To Justice

June 19, 2025
Most Popular

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

February 10, 20251,072

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

August 12, 20241,058

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