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FG Rules Out Immediate Electricity Tariff Hikes

Minister of Power Joseph Tegbe has dismissed market speculation, confirming that the Federal Government has no current plans to increase electricity tariffs. Instead, the administration is prioritizing service improvements, grid stability, and the Presidential Metering Initiative to address sector financial sustainability. Tegbe emphasized that the government aims to ensure consumers only pay for metered consumption, effectively sidelining tariff hikes as a primary strategy for balancing the power sector’s finances.

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