The federal government’s push to implement cost-reflective electricity tariffs is pitting the need for a sustainable power sector against the economic realities of millions of Nigerians.
The adoption of cost-reflective tariffs is aimed at fixing Nigeria’s chronic power shortages that have crimped economic growth.
On January 30, Olu Verheijen, special adviser to President Bola Tinubu on energy, said Nigeria’s power prices need to rise by about two-thirds (66 percent) for many customers to reflect the actual cost of electricity supply.
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