The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Jennifer Adighije, has urged the Federal Government to remove electricity subsidies for all customers and implement fully cost-reflective tariffs to restore financial stability in Nigeria’s power sector.
The MD, while highlighting deep-rooted structural and liquidity challenges constraining the performance of the electricity market, advocated the decoupling of government subsidies from electricity tariffs and the gradual implementation of fully cost-reflective tariffs across all customer segments.
According to her, establishing a financially viable electricity market is essential for restoring investor confidence, attracting private sector participation and ensuring sustainable sector growth.
According to her, establishing a financially viable electricity market is essential for restoring investor confidence, attracting private sector participation and ensuring sustainable sector growth.