THE Federal Government has approved a downward review in electricity tariff for Band A customers to N206.80/kwh, from N225/kwh in Nigeria.
Band A customers are electricity consumers with a minimum supply of 20 hours daily.
In a notice to its customers on Monday, Ikeja Electric, stated: “Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective 6th May 2024 with guaranteed availability of 20-24hrs supply daily. The tariff for Bands B, C, D, and E remains unchanged.”
Labour’s reaction to tariff
Recall that the Nigerian Labour Congress, NLC, and the Trade Union Congress, TUC, appealed to the Nigerian Electricity Regulatory Commission, NERC, and power sector operators, to reverse the increase in electricity tariff within one week.
President of the unions, Mr Joe Ajaero and Mr Fetus Osifo, respectively, made the call last Wednesday in a joint speech to mark the 2024 Workers’ Day in Abuja.
They expressed dissatisfaction over the epileptic power situation in the country. The labour leaders said it was affecting the economic growth of the country.
According to them, it is imperative that any nation incapable of effectively and efficiently managing its energy resources, faces certain ruin.
In their words: “One of the pivotal factors constraining our nation is our glaring incompetence in managing this sector for the collective welfare of our citizens.
“Power, regardless of its source, remains paramount in Kickstarting any economy, while oil and gas are indispensable for robust energy success in every country. “
They said it was absolutely critical for the government to collaborate with the people to establish frameworks that ensure energy works for all Nigerian.
According to the duo, the plight of the power sector remains unchanged over a decade after privatisation of the sector.
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