Presidency backtracks, claims statement on electricity tariff misrepresented

The Special Adviser on Energy to the President, Olu Verheijen, said on Monday her statement on the planned increase in the electricity tariff was misrepresented.

Verheijen on January 30 advocated an increase in Nigeria’s power prices by about two-thirds (66 percent) to reflect the actual cost of electricity supply.

She argued that higher electricity tariffs must be carefully balanced with subsidies to support less-affluent consumers across the country.

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