The Minister of Power, Adebayo Adelabu, has expressed optimism that Nigeria can generate 7,000 megawatts (MW) when electricity tariffs are regularized.
This is according to a statement on Wednesday, March 5, 2025 by Bolaji Tunji, the minister’s media aide.
According to Adelabu, the regularisation of tariffs would play a critical role in unlocking the sector’s full potential and driving further improvements in power generation and distribution.
“To sustain these improvements, the government would have to pay down on the tariff shortfalls of N1.94 trillion for 2024 and legacy debts of N2 trillion to the GENCOs,” the minister was quoted as saying.
“It would be important to continue the tariff reforms to ensure consumers start to pay for the energy consumed.
“By the time the tariffs are fully regularized, we will be moving closer to 7,000MW of available generation capacity.
“This will mark another significant milestone in our journey towards a stable, reliable, and efficient power sector that meets the needs of all Nigerians.”
It would be recalled that on February 28, 2025 Adelabu said electricity consumers on Band B are not paying enough, signalling a potential hike in tariff for the category.
By: Babajide Okeowo
Source: Ripples