The Federal Government has assured Nigerians that it has no intention of increasing electricity tariffs, dismissing reports suggesting that consumers would soon face higher power costs.
In a statement issued on Saturday, the Special Adviser to the President on Power Infrastructure in the Office of the Vice President, Sadiq Wanka, clarified that his earlier remarks had been misrepresented by sections of the media.
“There is no planned tariff hike for any grid consumer across any service band. The government remains committed to protecting vulnerable households through continued tariff support,” Wanka stated.
He explained that the comments in question were made during his presentation at the Asharami Square 3.0 event held in Lagos on July 22, 2026, where he discussed investment prospects in Nigeria’s electricity sector and the Federal Government’s ongoing reform efforts.
“The Special Adviser’s comments were made during a presentation… where he addressed investment opportunities in the power sector and how the Federal Government’s reform programme has opened new avenues for investors across the power value chain,” the statement read.
According to Wanka, his presentation reaffirmed the policy direction contained in the National Integrated Electricity Policy, which was concluded in December 2024 and received Federal Executive Council approval in May 2025.
“In that context, he reaffirmed the tariff policy direction set out in the National Integrated Electricity Policy… a long-standing, publicly available policy of gradually transitioning to cost-reflective tariffs, already implemented for ‘Band A’ electricity consumers,” the statement added.
The presidential aide stressed that electricity subsidies for consumers outside Band A would remain in place.
“For all other consumer bands, he was clear that there is no plan to remove subsidies. Rather, the Government is exploring how to deliver value and support more efficiently,” the statement noted.
Wanka also highlighted the role of the Power Consumer Assistance Fund (PCAF), established under the Electricity Act 2023, as a platform for providing targeted support to vulnerable electricity users.
“The special adviser highlighted the Power Consumer Assistance Fund (PCAF), enabled by the Electricity Act 2023, as a mechanism for delivering targeted subsidies directly to vulnerable consumers, through consumer electricity accounts or other identity-linked means, improving transparency and strengthening investor confidence,” the statement said.
The government further acknowledged the importance of the media in informing the public about policy decisions.
“The administration of President Bola Tinubu recognises the vital role journalists play in policy communication… Government counts on the continued support of the media in this important national duty.”
