High Electricity Tariff Will Kill Businesses – APC Chieftain, Joe Igbokwe Cries

By Ayodele Ifasakin 

A chieftain of the All Progressives Congress, APC, Joe Igbokwe, has cried out to President Bola Tinubu to look into the new electricity tariff in the country.

 High Electricity Tariff Will Kill Businesses – APC Chieftain, Joe Igbokwe Cries

Igbokwe, a staunch supporter of Tinubu’s presidency, said the development will kill businesses if the Nigerian government doesn’t act as quickly as possible.

In a post on his Facebook page on Saturday, Igbokwe lamented that N20,000 worth of units now only last for just a day.

The APC chieftain, therefore, urged the government to review the electricity tariff.

He said: “PBAT, please look into the new electricity tariff in Nigeria. It will kill businesses if the government does not act as quickly as possible. I have a small office in Surulere with about about 7 units of AC.

“We used to buy 300 plus units for N20,0000. Yesterday we bought N20,000 worth of units and it lasted for just one day. They call it band A group. I pray that we review this.”

JUST IN: Nigeria suspends plan to increase electricity tariff

AgegePulse Magazine

The Nigerian Electricity Regulatory Commission (NERC) will not proceed with the increment of the electricity tariff scheduled to take effect from April 1.

The latest announcement on Tuesday by the regulatory agency on its Twitter handle says, “There shall be no increase in tariff of end-use customers on April 1, 2020.”

The NERC spokesperson, Usman Arabi, confirmed to PREMIUM TIMES that the agency authored the post on its Twitter handle.

Earlier on Tuesday, the Nigeria Labour Congress (NLC) condemned the plan to increase the electricity tariff.

The NLC President, Ayuba Wabba, in a statement, said that such an action would only add more pains to Nigerians amidst the COVID-19 pandemic and its impact.

NERC had in December 2019 disclosed that it would increase tariff from April 1, 2020.
A large part of Nigeria is on lockdown as the country joins the rest of the word to battle the COVID-19 pandemic.

Schools have been shut nationwide while many state governments have restricted movements in their states.
Nigeria has recorded 135 cases of the virus at the time of this report.

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Ikeja Electric To Hold Public Consultation On Tariff Review

AgegePulse Magazine

One of Nigerias Electricity Distribution Companies, Ikeja  Electric's sets to hold a public consultation on Extraordinary Tariff Review as mandated by the Nigerian Electricity Regulatory Commission (NERC).

According to IE, the meeting will hold by next Monday, 24th February, 2019.

Read their message below:

PUBLIC ANNOUNCEMENT


Ikeja Electric cordially invites you to a public consultation on Extraordinary Tariff Review as mandated by the Nigerian Electricity Regulatory Commission (NERC)

Venue for General Public is Excellence Hotel, Ogba, Lagos.

Date: Monday, 24th February 2020.
Time: 10:00am

Venue for Manufacturers Association of Nigeria, Corporate Bodies and other Professional Associations is Manufacturers Association of Nigeria (MAN HOUSE), 77 Obafemi Awolowo Way, Ikeja, Lagos.

Date: Tuesday, 25th February 2020.
Time: 10:00am