Labour, TUC Shut Down Ikeja, Ibadan DISCOS Over Electricity Tariff Hike

Date:

May 13, 2024.

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Azonuchechi Chukwu.

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have shut down the offices of the Nigerian Electricity Regulatory Commission (NERC) and distribution companies (DisCos)’s premises nationwide on Monday over the hike in electricity tariff.

Workers have stormed various offices of electricity distribution companies to protest over the Band A tariff hike.

The workers, under the aegis of the Nigerian Labour Congress and the Trade Union Congress, thronged the offices of the DisCos on Monday, preventing workers from resuming work for the day.

In Lagos, the workers were sighted at the corporate headquarters of the Ikeja Electricity Distribution Company, singing and calling for the reversal of the Band A tariff.

The NLC and TUC gave the Nigerian Electricity Regulatory Commission a seven-day ultimatum to reverse the revised tariff.

However, the Federal Government said a reversal of the tariff would spell doom for the power sector, urging Nigerians to bear the temporary pains.

Amid this however, the International Monetary Fund has advised the Federal Government to remove electricity subsidies in other bands to save the economy.(www.naija247news.com).


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Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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