The Minister of Power, Adebayo Adelabu, has stated that tariff adjustments will help increase Nigeria’s available power generation capacity to 7,000MW. This follows a recent peak electricity generation of 5,801.84MW and a record 6,003MW in available power.
According to a statement by his aide, Bolaji Tunji, the tariff hike aims to enhance the sector’s liquidity, reduce government subsidies, and close the tariff gap among customer categories. Adelabu emphasized that ongoing reforms, including network upgrades and policy adjustments, are driving improvements in power supply.
He called for collaboration among stakeholders to sustain progress, ensuring reliable electricity for businesses and households to support economic growth.
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