The Federal Government of Nigeria has clarified that there are no plans to increase electricity tariffs in 2027. This statement was made by the Minister of Power, Joseph Tegbe, during a media parley held in Abuja on Monday, September 21, 2026. Tegbe emphasized that the President Bola Tinubu administration is committed to enhancing electricity supply and strengthening the power sector, rather than imposing additional costs on consumers.
According to Tegbe, the administration's focus is on improving the overall performance of the power sector. He highlighted that upon assuming office, a comprehensive diagnosis of the sector's challenges was conducted, revealing constraints at every segment of the electricity value chain. These challenges include limited gas supply to power stations due to damaged pipelines and unfavorable commercial terms that discourage investment.
The Minister of Power outlined the four promises he made to Nigerians upon taking office. These promises include adopting a disciplined approach to solving the sector's problems, pursuing grid stability through structured and strategic reforms, and delivering visible incremental improvements. Tegbe stated that these promises are being pursued to address the identified challenges and improve the sector's overall performance.
Tegbe further explained that the generation fleet in Nigeria is heavily dependent on thermal plants, which are characterized by ageing equipment, deferred maintenance, and stalled projects. As a result, the sector's capacity to reach consumers has been hindered. Additionally, the payment of only 27 per cent of generation companies' bills has undermined their ability to maintain plants and pay gas suppliers.
The Minister of Power emphasized that the administration is committed to addressing these challenges and improving the power sector. He stated that the government is working to enhance gas supply, upgrade generation infrastructure, and improve the overall efficiency of the sector. This, according to Tegbe, will help to increase electricity supply and meet the growing demands of consumers.
The clarification on electricity tariffs comes at a time when Nigerians are expecting improvements in the power sector. The administration's commitment to strengthening the sector and enhancing electricity supply is seen as a positive step towards addressing the country's power challenges. The government's efforts to upgrade infrastructure and improve efficiency are expected to have a positive impact on the sector.
The Federal Government's denial of plans to increase electricity tariffs is likely to be welcomed by consumers who have been experiencing high costs of living. The administration's focus on improving electricity supply and strengthening the power sector is seen as a step in the right direction. The government's efforts to address the challenges facing the power sector are expected to have a positive impact on the economy and the lives of Nigerians.
Key points
- The Federal Government has no plans to increase electricity tariffs in 2027.
- The administration is focused on improving electricity supply and strengthening the power sector.
- The Minister of Power, Joseph Tegbe, outlined the government's plans to address the challenges facing the power sector.
