Nigeria is on the verge of a major power boost, as the Minister of Power, Chief Adebayo Adelabu, has announced that the country’s available electricity generation could hit 7,000 megawatts (MW) with the proposed tariff increase.
This follows last week’s record-breaking peak of 5,801.84MW, the highest in Nigeria’s history. In a statement by his Special Adviser on Strategic Communication, Bolaji Tunji, the minister emphasized that adjusting electricity tariffs is key to unlocking the sector’s full potential and ensuring sustainable power generation and distribution.
Why Tariff Reform Matters
“To keep this momentum, the government must address a tariff shortfall of ₦1.94 trillion for 2024 and settle legacy debts of ₦2 trillion owed to power generation companies (GENCOs),” Adelabu explained. “With proper tariff reforms, we will be moving closer to 7,000MW of available power—bringing us one step closer to a more stable and reliable electricity supply for all Nigerians.”
The government has already outlined plans to increase electricity tariffs for customers in Bands B, C, and D as part of efforts to improve liquidity in the power sector and reduce its subsidy burden. This move aims to bridge the tariff gap between Band A customers—who currently enjoy the most reliable power supply—and other consumers.
A Historic Milestone in Power Generation
According to the minister, Nigeria’s available power generation has now reached an all-time high of 6,003MW. This achievement was followed by another historic feat—a peak power evacuation of 5,801.84MW and a daily maximum energy output of 128,370.75 megawatt-hours (MWh).
“These aren’t just numbers; they represent a brighter future,” Adelabu said. “With improved power supply, businesses will thrive, homes will enjoy stable electricity, and our economy will grow sustainably.”
The Road Ahead: Upgrades and Innovations
The minister credited these improvements to ongoing reforms spearheaded by the Federal Ministry of Power in collaboration with key stakeholders. Efforts include:
Upgrading transmission and distribution networks
Implementing smart grid technologies
Strengthening policies for efficiency and accountability
He also called for continued support from state governments, private investors, and the general public to sustain and build on these gains.
As Nigeria pushes towards a more stable power supply, all eyes will be on how these tariff adjustments translate into real, lasting improvements for homes and businesses across the country.
