NAIJA NEWS
The 240 per cent hike in electricity tariff payable by power consumers in the band ‘A’ category has led to a nationwide outcry, with many calling for the reversal of the policy.
However, amidst the hike, there are some states planning to generate and transmit power within their boundaries.
Recall that President Bola Tinubu signed the new Electricity Act into law in June 2023 following calls from Nigerians to reform the power sector and remove it from the federal government’s exclusive list.
Many Nigerians believe this would help find a lasting solution to the country’s electricity problems as the new law replaced the 2005 Electricity and Power Sector Reform Act and promoted investments from the private sector.
