Nigeria’s Power Minister, Babatunde Fashola, has stated that a new power tariff will soon be launched in the country which will ensure Nigerians pay more for electricity – if they want to consume more.
According to him, FG will encourage the electricity distribution companies to allocate dedicated power to only those consumers who are ready to pay more under a ‘willing buyer, willing seller basis’.
“I want to emphasis to the members of the public that there is privatisation. So, our role as a government has changed. The sector has been taken over by the private sector,” he said.
“If Eko Disco takes dedicated power and give it to those who are will to pay a bit higher on a willing buyer, willing seller basis, it will free more power for those who pay less,” he argued.