Nigerian Minister of Power, Adebayo Adelabu, supports a temporary electricity tariff increase for sector growth.
Nigerian Minister of Power, Adebayo Adelabu, assures citizens of temporary electricity tariff increase, comparing it to initial rise in telecommunication prices that eventually decreased. He believes increased power sector output will lead to lower tariffs in the long run. NERC announced a 240% increase for Band A customers, which was later reduced, and Adelabu supports the temporary hike as necessary for sector growth.
May 24, 2024
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