FG Rules Out Electricity Tariff Increase, Reaffirms Commitment to Improved Power Supply

 FG Rules Out Electricity Tariff Increase, Reaffirms Commitment to Improved Power Supply

The Federal Government has dismissed reports of an imminent electricity tariff increase, assuring Nigerians that its immediate priority is improving power supply through ongoing reforms, expanded metering, and investments in the nation's electricity infrastructure.

The Federal Government has reiterated that there is no plan to increase electricity tariffs at this time, as it reaffirmed its commitment to delivering more reliable and affordable power supply across the country.

The Minister of Power, Joseph Olasunhanmi Tegbe, gave the assurance during a stakeholders' engagement with industry players and members of the media in Lagos on Friday, July 31, 2026.

According to the minister, the engagement marked the beginning of a new phase of openness, accountability and collaboration in the power sector, stressing that the government's ongoing reforms are aimed at building on existing achievements while addressing long-standing structural challenges.

Tegbe said the Federal Government's objective is to make electricity more available, improve the reliability of the national grid, ensure the financial sustainability of the electricity market and restore investor confidence.

"Our objective is clear: to make electricity more available, make the grid more reliable, make the market financially sustainable and restore investor confidence. Ultimately, we want to ensure that electricity becomes a catalyst for national productivity rather than a constraint to economic growth," he said.

The minister noted that President Bola Ahmed Tinubu's administration has demonstrated strong political commitment to electricity sector reforms since the liberalisation of the industry, emphasising that no nation can achieve industrialisation without reliable electricity.

He dismissed reports circulating on some media platforms suggesting that the government was planning another tariff hike, describing them as false.

Tegbe explained that the Presidential Metering Initiative is being accelerated to achieve universal metering, ensuring that consumers are billed only for electricity they actually consume.

He added that the administration has continued to prioritise investments in transmission infrastructure, rural electrification, stronger institutional coordination across the electricity value chain and reforms designed to attract private sector investment while protecting the public interest.

Highlighting recent interventions by the ministry, the minister announced the inauguration of the Power Force initiative, which will engage 5,000 Nigerian youths in electricity meter installation nationwide through the National Power Training Institute of Nigeria (NAPTIN).

According to him, the initiative is expected to bridge the country's metering gap while developing a skilled workforce for the power sector.

Tegbe also disclosed that the ministry has made significant progress in resolving long-standing challenges surrounding meter procurement and improving electricity generation.

He revealed that, over the past two weeks, power generation has consistently exceeded the 5,000-megawatt mark, describing the development as a positive sign of the sector's ongoing recovery.

The minister reaffirmed the government's commitment to providing reliable, competitive, sustainable and inclusive electricity capable of powering homes, driving industrial growth, attracting investment and expanding access to underserved communities across Nigeria.