After the announcement of hike in electricity tariff, the Federal Government has said only a small segment of the consumers will be affected.
The Minister of Power Adebayo Adelabu who recently hinted about the Federal Government’s push to stop electricity subsidy said the hike won’t affect the majority of Nigerians.
“From the policy formulation perspective, the recent increase in tariff for only Band A customers which is just 15 per cent of electricity consumers in Nigeria. As of the latest statistics, there are a little about 12 million customers in the sector and this [tariff hike] would only affect about 1.5 million customers,” he said.
“The remaining 10.5 million customers will continue to enjoy the government’s subsidy at about 70 per cent.”
