“I spend N1m on electricity and another N1m on diesel monthly – Osun lawmaker, Fadeyi

Senator Olubiyi Fadeyi of Osun Central revealed during an investigative hearing in Abuja on April 29 that he spends one million naira monthly on electricity and diesel. He criticized the move of customers to Band A, stating it lacked justification due to insufficient electricity supply.

The Nigerian Electricity Regulatory Commission (NERC) approved a 340% tariff increase for Band A customers, who will now pay N225 per kilowatt-hour, up from N66. These customers receive 20 hours of electricity daily and represent 15% of Nigeria’s electricity consumers.

NERC clarified that the tariff review wouldn’t affect other bands. Minister of Power Adebayo Adelabu argued that Nigerians in Band A would spend less on diesel and petrol, but Senator Fadeyi disagreed, stating his continued high expenditure on both utilities.

Fadeyi said, “I spend N1m on electricity and another N1m on diesel. This is excluding how much I spend on my businesses. 

“If the electricity was good, I wouldn’t spend that much on fueling my generator.”