BREAKING: Band A: FG approves downward review of tariff for electricity consumers

…Ikeja Electric takes lead

By Adewale Sanyaolu

The Federal Government has approved a downward review in electricity tariff for Band A customers(Those with a daily supply of minimum of 20 hours).

Under the approved review,Band A customers who hitherto were charged N225/Kwh are now to pay N206.80/Kwh.

The decision to crash the tariff may not be unconnected with public outcry over the increase in electricity which industry observers, CSOs, labour unions have described as insensitive.

In a notice to its customers on Monday, Ikeja Electric said “Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective 6th May 2024 with guaranteed availability of 20-24hrs supply daily.

The tariff for Bands B, C, D, and E remains unchanged,”.

Details later