Nigerians oppose FG’s proposed electricity tariff hike amid growing concerns over affordability
- The Nigerian government plans to withdraw electricity subsidies and raise tariffs, aiming to reduce its monthly subsidization of over N200 billion.
- Minister of Power, Adebayo Adelabu, explained the tariff hikes are meant to close the wide pricing gap between different consumer bands and attract sector investment.
- However, a poll shows 73% of Nigerians oppose the tariff increases, citing concerns about affordability and poor power supply.
- The government intends to retain targeted subsidies for the poorest consumers while pushing forward with tariff adjustments to sustain the power sector amid rising debts.
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