THE CABLE
Adebayo Adelabu, minister of power, says President Bola Tinubu recently stopped the increase in electricity tariff and insisted on the payment of subsidy on power consumed nationwide.
Adelabu disclosed this at a news conference in Abuja on Wednesday.
He also said the federal government would investigate the legality of the five-year licence extension given to privatised power distribution and generation companies, stressing that the operating licences of the firms would have expired on October 31, 2023.
The minister also threatened to sack any non-performing chief executive in agencies under the power ministry, if their non-performance would put his job at risk.
Adelabu, addressing the call for a cost-reflective tariff, which would raise power tariff, said the president had insisted that stable electricity supply must be achieved before the implementation of cost-reflective tariff.
“The power sector is an industry that is very sensitive to any leader,” the minister said.
“You cannot jump overnight and implement the cost-reflective tariff. I can tell you that till today the government still subsidises power. Tariff should have been raised months back, but Mr. President said until we are able to achieve regular and incremental power supply we can’t touch the tariff.
READ THE FULL STORY IN THE CABLE
Connect with us on our socials: