|

My N500,000 Electricity Bill Is Now N4m – Amaechi

Former Rivers State Governor and African Democratic Congress vice-presidential candidate, Rotimi Amaechi, has criticised the Federal Government’s electricity tariff policy,...

Former Rivers State Governor and African Democratic Congress vice-presidential candidate, Rotimi Amaechi, has criticised the Federal Government’s electricity tariff policy, saying his monthly electricity bill has increased from N500,000 to N4 million.

 

Amaechi made the disclosure on Thursday during ward visits in Omuma Local Government Area of Rivers State, where he campaigned for the ADC presidential candidate, Atiku Abubakar, ahead of the 2027 election.

 

According to him, Atiku would restore electricity subsidies if elected president and reduce the financial burden on consumers.

 

“My house electricity bill was N500,000; now I pay N4 million. Atiku said if he comes, I will go back to N500,000. No more Band A and B because government will subsidise it,” Amaechi said.

 

He also blamed the removal of petrol subsidy for the rising cost of transportation and food, arguing that the policy had worsened economic hardship across the country.

 

Amaechi further linked the rising cost of food to insecurity, saying farmers were increasingly unable to access their farms safely, thereby affecting agricultural production.

 

He maintained that restoring subsidies would help reduce the cost of living and ease pressure on Nigerians.

 

“If Atiku brings back subsidy, everything will come down,” he said.

 

Nigeria’s electricity consumers are currently placed in different service bands based on the number of hours of power supply they receive. Band A customers are expected to receive at least 20 hours of electricity daily, while those in Bands B to E have lower supply requirements and tariffs.

 

The Federal Government has, however, announced plans to gradually phase out electricity subsidies from 2027.

 

The Minister of Power, Joseph Tegbe, said on July 31 that the government planned to begin phasing out subsidy payments in the power sector from 2027.

 

The government has also disclosed that N3.14 trillion was spent on electricity subsidies between June 2023 and December 2025 to cushion consumers from the impact of tariff increases.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign up for the HB Newsletter

Get stories that matter delivered directly to your inbox

OTHER STORIES

Get the stories that matter most delivered directly to your inbox

© Copyright 2025 – HB Report. All Rights Reserved

HB Logo

Sign up for the HB newsletter

By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.