The Federal Government has approved a downward review in electricity tariff for Band A customers, those with a daily supply of a minimum of 20 hours. Under the approved review, Band A customers who were charged N225/Kwh will now pay N206.80/Kwh.
This decision comes in the wake of public outcry over the increase in electricity tariffs, which industry observers, Civil Society Organisations, and labour unions have described as insensitive.
It is important to note that the tariffs for Bands B, C, D, and E remain unchanged.
The downward review is expected to provide some relief to Band A customers while ensuring a more affordable and sustainable electricity tariff structure.