Hike electricity tariffs for Band B-E users in Nigeria – Adighije

The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Jennifer Adighije, has urged the Nigerian authorities to hike energy tariffs for Band B-E users successful Nigeria.

Adighije made this telephone successful a caller connection successful Lagos.

She stressed that the removal of subsidies for each energy users would guarantee fiscal stableness successful Nigeria’s powerfulness sector.

According to her, establishing a financially viable energy marketplace is indispensable for restoring capitalist confidence, attracting backstage assemblage participation, and ensuring sustainable assemblage growth.

“In addition, liquidity constraints wrong the energy marketplace stay a large concern, arsenic lone astir 30 percent of assemblage invoices are presently settled, creating fiscal strain crossed the worth chain.

“To code these systemic issues, determination should beryllium the decoupling of authorities subsidies from energy tariffs and the gradual implementation of afloat cost-reflective tariffs crossed each lawsuit segments,” she said.

Recall that successful April 2024, the national authorities approved an energy tariff hike for Band A customers nether the service-based tariff.

Despite the hike, Nigerians person continued to look epileptic powerfulness proviso nationwide.

DAILY POST reports that successful the past days, contention has trailed the country’s powerfulness assemblage ove...