Fashola drops hint of likely increase in power tariff

News Express |12th Dec 2015 | 2,745
Fashola drops hint of likely increase in power tariff

Electricity consumers in Nigeria may have to gear up to pay higher tariffs to enjoy constant power supply.

This was made known yesterday by the Minister for Power, Works and Housing, Babatunde Fashola after a guided tour of the Egbin power plant in Lagos.

The guided tour of the Egbin power plant evolved into a meeting with the management of the power plant, where the chairman of the plant said that an additional 200 megawatts of electricity has been dedicated to Lagos with a current generation of 1,100 megawatts to the national grid.

He also spoke about the challenges being faced by the management.

The minister showed in his speech that he was not oblivious of the issues facing the plant but said that there is a national plan to tackle the problem and ensure all homes enjoy power supply 24 hours but this might cost more.

Mr Fashola said that the additional 220 megawatts of electricity produced by the Egbin power plant should be distributed to consumers, both in industrial and residential areas.

The minister added that the federal government would only pay legally verifiable debts owed the power generating companies. (Channels TV)

•Photo shows Fashola.

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