The Federal Government has dismissed stories suggesting that electrical energy tariffs are set to rise, insisting that there is no such thing as a plan to extend expenses for shoppers in any service band.
The Special Adviser to the President on Energy Infrastructure within the Workplace of the Vice President, Sadiq Wanka, clarified this in an announcement issued on Saturday following stories about feedback he made at a current energy sector occasion.
Wanka stated his remarks had been taken out of context, stressing that the federal government remained dedicated to shielding susceptible electrical energy shoppers from larger prices.
“There is no such thing as a deliberate tariff hike for any grid shopper throughout any service band. The federal government stays dedicated to defending susceptible households by continued tariff help,” he said.
In keeping with the assertion, Wanka’s feedback have been made throughout a presentation on the Asharami Sq. 3.0 occasion held in Lagos on July 22, 2026.
The presentation, the federal government defined, centred on funding alternatives in Nigeria’s electrical energy sector and the reforms being pursued to draw extra personal capital throughout the ability worth chain.
“The Special Adviser’s feedback have been made throughout a presentation… the place he addressed funding alternatives within the energy sector and the way the Federal Government’s reform programme has opened new avenues for traders throughout the ability worth chain,” the assertion learn.
Wanka additionally restated the tariff coverage contained within the Nationwide Built-in Electrical energy Coverage (NIEP), which was finalised in December 2024 and subsequently authorized by the Federal Executive Council in Could 2025.
“In that context, he reaffirmed the tariff coverage path set out within the Nationwide Built-in Electrical energy Coverage… a long-standing, publicly out there coverage of progressively transitioning to cost-reflective tariffs, already carried out for ‘Band A’ electrical energy shoppers,” the assertion added.
Subsidies To Stay For Different Bands
The presidential aide, nonetheless, stated the coverage shouldn’t be interpreted to imply that electrical energy subsidies can be withdrawn from shoppers exterior Band A.
“For all different shopper bands, he was clear that there is no such thing as a plan to take away subsidies. Moderately, the Authorities is exploring the way to ship worth and help extra effectively,” the assertion famous.
The federal government stated one of many choices being thought-about was the Energy Client Help Fund, established below the Electrical energy Act 2023, to make sure that subsidies are higher focused at shoppers who want them most.
In keeping with the assertion, the fund may enable monetary help to be channelled straight by shoppers’ electrical energy accounts or different identity-linked platforms.
It stated the strategy was anticipated to enhance transparency within the administration of subsidies whereas additionally strengthening confidence amongst traders within the electrical energy market.
The federal government additionally acknowledged the function of journalists in speaking public insurance policies, urging the media to make sure readability and accuracy when reporting reforms in delicate sectors akin to electrical energy.
“The administration of President Bola Tinubu recognises the very important function journalists play in coverage communication… Authorities counts on the continued help of the media on this necessary nationwide obligation,” the assertion stated.
