The Federal Government says Nigerians should brace up for fresh electricity tariffs in months.
President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, said this in an interview in Dar es Salaam, Tanzania, according to Bloomberg.
Verheijen was in Tanzania attending a World Bank-backed conference where Nigeria presented a $32 billion plan to boost electricity connections by 2030. Private investors are expected to contribute $15.5 billion and the rest will come from public sources, including the World Bank and African Development Bank.
The energy adviser said Nigeria’s power prices need to rise by about two thirds for many customers to reflect the cost of supplying it.