The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Jennifer Adighije, has urged the Nigerian government to hike electricity tariffs for Band B-E users in Nigeria.
Adighije made this call in a recent statement in Lagos.
She stressed that the removal of subsidies for all electricity users would ensure financial stability in Nigeria’s power sector.
According to her, establishing a financially viable electricity market is essential for restoring investor confidence, attracting private sector participation, and ensuring sustainable sector growth.
“In addition, liquidity constraints within the electricity market remain a major concern, as only about 30 percent of sector invoices are currently settled, creating financial strain across the value chain.
“To address these systemic issues, there should be the decoupling of government subsidies from electricity tariffs and the gradual implementation of fully cost-reflective tariffs across all customer segments,” she said.
Recall that in April 2024, the federal government approved an electricity tariff hike for Band A customers under the service-based tariff.
Despite the hike, Nigerians have continued to face epileptic power supply nationwide.
DAILY POST reports that in the past days, controversy has trailed the country’s power sector over legacy debts.
Electricity generation companies insisted that the debt owed to them by the federal government amounted to N6.5 trillion; however, the Nigeria Labour Congress kicked.
There was a recent report that President Bola Ahmed Tinubu said the debt was N2.8 trillion after an audit, but GenCos had dismissed the claim.
