Electricity Tariff Hike: House committee says move to generate funds to revamp sector

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The chairman house of rep committee on power, Victor Nwokolo says without a change in tariff the industry lacks capital to bring the needed change in the past sector.

The increase in tariff has been dued since 2022, folowing the population expansion in Nigeria, he noted that the issue of Band A or B is not to descriminate against anybody. He said since the industry needed to expand their network, they also need more money.

The chairman said although the committee has not fully agreed with the stakeholders, however they want to get more input and explore the possibility of whether gas can be sold in Naira which is currently sold in dollars.

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