PUNCH
The Minister of Power, Adebayo Adelabu, says the N225 kilowatt-hours being paid by electricity consumers on Band A will reduce if the exchange rate falls below N1,000 to a dollar.
Adelabu said this on Thursday when he appeared on Channels Television’s Politics Today.
On April 3, the Federal Government, through the Nigerian Electricity Regulatory Commission, announced that subsidy would no longer be paid on the electricity consumed by Band A customers.
From N68/kWh, Band A customers now pay N255/KWh, while others maintain the old tariffs.
