The Federal Government has ruled out plans to increase electricity tariffs nationwide, assuring Nigerians that its priority is to improve power supply rather than impose additional costs on consumers. Minister of Power Joseph Tegbe gave the assurance on Thursday, October 15, 2026, during the groundbreaking ceremony for five interconnected mini-grid projects in Ibadan, Oyo State.
Tegbe said the government was working towards a power sector capable of providing electricity around the clock. He urged Nigerians to disregard reports suggesting an imminent tariff increase, insisting that improving electricity supply remained the administration’s immediate priority.
The five mini-grid projects, with a combined generation capacity of 17.7 megawatts and a 17.74-megawatt-hour battery energy storage system, are expected to serve communities across Akinyele, Ido, Ibadan North, Egbeda and Lagelu local government areas of Oyo State. The projects are intended to expand electricity access, reduce dependence on petrol and diesel generators, and support businesses and local economic activities.
The minister also said the Federal Government was pursuing plans to strengthen the national grid and improve electricity generation and transmission through designated energy corridors, including Lagos-Ogun, Abuja-Kaduna-Kano and Benin-Enugu-Port Harcourt. His announcement comes amid public concerns over electricity costs and the reliability of power supply across the country.