Electricity Consumers Decry Tariff Hike Amid Concerns of Wider Impact


Electricity consumers expressed dismay over a recent tariff hike, fearing it could spread despite limited targeting at Band A consumers. The Nigerian Electricity Regulatory Commission (NERC) implemented a 300% increase for Band A consumers, raising rates to N225/kwh from N66.

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Trade Union Congress (TUC), All Electricity Consumers’ Protection Forum (AECPF), and the Association for Public Policy Analysts (APPA) criticized the move as insensitive. Dr. Muda Yusuf, an economist, highlighted systemic issues in the power sector, emphasizing the need for fundamental reforms.

TUC’s Deputy President, Tommy Okon, decried the lack of 24-hour electricity supply and prioritization of revenue over welfare. APPA’s President, Princewill Okorie, questioned NERC’s motives, while consumer advocates like Adeola Ilori condemned the hike’s procedural irregularities.

Lanre Elatuyi, an electricity market analyst, linked the increase to economic factors but stressed the importance of service standards. NERC’s Vice Chairman, Musiliu Oseni, defended the hike, citing infrastructure needs and reduced subsidies for Band A consumers.

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Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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