Joseph Tegbe, Honourable Minister of Power; and Mahmuda Mamman, Permanent Secretary, Ministry of Power; during the Ministry of Power Stakeholders session on Friday, 31st July, 2026, in Lagos.
By Peace Udugba
The Federal Government has dismissed reports of an imminent electricity tariff increase, reaffirming its commitment to improving power supply across the country through ongoing reforms and strategic investments.
The Minister of Power, Joseph Olasunhanmi Tegbe, gave the assurance on Friday July 31, 2026, during a stakeholders’ engagement session with industry players and the media in Lagos.
Tegbe described the meeting as the beginning of a new era of openness, accountability and collaboration in the power sector, stressing that the government’s focus remains on delivering reliable and affordable electricity to Nigerians.
According to him, resetting the electricity sector does not mean previous efforts have failed, but rather building on the reforms already initiated by President Bola Ahmed Tinubu’s administration while addressing long-standing structural challenges that have hindered the sector’s growth.
“Our objective is clear: to make electricity more available, improve grid reliability, ensure financial sustainability in the electricity market and restore investor confidence. Ultimately, we want electricity to become a catalyst for national productivity rather than a constraint to economic growth,” the minister said.
Tegbe noted that President Tinubu has demonstrated a strong commitment to electricity sector reforms, recognising that no nation can achieve meaningful industrialisation without reliable power supply.
He also debunked reports suggesting that the government was planning to increase electricity tariffs.
“There is no move to increase electricity tariffs at this time,” he said, adding that the Presidential Metering Initiative is driving the country’s push towards universal metering to ensure consumers pay only for the electricity they consume.
The minister said the administration has continued to prioritise investments in transmission infrastructure, expand rural electrification, strengthen coordination across the electricity value chain and pursue reforms that attract private investment while protecting public interest.
He disclosed that the Ministry of Power has launched several new interventions, including the inauguration of the Power Force initiative, which will engage 5,000 Nigerian youths in electricity meter installation nationwide.
According to him, the programme is designed to reduce the country’s metering gap while developing a skilled workforce for the electricity industry through the National Power Training Institute of Nigeria (NAPTIN).
Tegbe added that the ministry has also recorded significant progress in addressing long-standing challenges surrounding meter procurement.
He further revealed that electricity generation has consistently exceeded 5,000 megawatts over the past two weeks, describing the development as evidence of ongoing improvements in the sector.
“Our ambition is clear: reliable electricity that powers our homes, competitive electricity that drives our industries, sustainable electricity that attracts investment, and inclusive electricity that reaches every Nigerian,” the minister stated.
