President Bola Tinubu has called on Nigerians to adopt better management practices to reduce their electricity expenses.

“It’s not a bad thing to learn how to manage. Switch off the light, control your electricity usage—let’s learn to manage,” Tinubu remarked during a chat with reporters at his residence in Ikoyi, Lagos, on Monday.

The President also emphasized his opposition to price control measures, stating, “I don’t believe in price control. We will work hard to supply the market.”

Since Tinubu’s inauguration in May 2023, energy costs have surged, driven by the removal of petrol subsidies and hikes in electricity tariffs. Petrol prices have skyrocketed from under ₦200 per litre to over ₦1,100 in many areas, while the naira has significantly depreciated, falling from about ₦700/$ to ₦1,600.

In April 2024, the electricity regulatory body increased tariffs for customers classified under Band A, raising rates from ₦66 per kilowatt-hour to ₦225—a move that sparked widespread criticism amid the nation’s economic hardships.

With soaring food and commodity prices, Nigerians are grappling with what many consider the most severe cost-of-living crisis since independence. However, Tinubu remains resolute, defending his reforms as necessary steps to steer the country toward long-term prosperity.