The Federal Government says the new electricity tariff hike will only affect a small segment of the consumers – 1.5 million.
The Minister of Power, Adebayo Adelabu who recently hinted about the Federal Government’s push to stop electricity subsidy said the hike will not affect the majority of Nigerians.
Adelabu noted that the remaining 10.5 million electricity customers will continue to enjoy the government’s subsidy at about 70 percent.
He said while the government is eyeing a “cost-reflective” tariff for electricity users, the realities of the country’s economy informed the decision not to totally remove subsidy on electricity.