Business
Stakeholders Tackle Govt Over Electricity Tariff Increase

Following instability in power supply and alleged plan to increase electricity tariff, some stakeholders have called on the Federal Government to jettison the idea, describing the plan as exploitative.
The stakeholders in separate interactions with The Tide said that the Federal Government and the Nigerian Electricity Regulatory Commission (NERC) were insensitive to the cry of Nigerian populace.
According to them, the alleged plan to increase electricity tariff is to make power supply unaffordable for an average Nigerian.
A small scale industrialist and a member of the Lagos Chambers of Commerce and Industry, Otunba Femi Abayomi, said any plan to increase electricity tariff would undermine development objectives and welfare of the citizenry.
He cautioned against absolute commercialisation of electricity and other basic economic and social infrastructural facilities in the country.
According to him, the important issue to address is the creation of the right institutional framework for the delivery of electricity to the people.
He said such institution should be totally insulated from the public service bureaucracy and meddlesomeness by the political class.
“The management component of the problem of infrastructure delivery is much bigger than the challenge of resource adequacy. We need structures that will be managed by technocrats, and not bureaucrats or politicians.
“ We need institutions that are credible and that will command the confidence of the populace. Institutional credibility is crucial and paramount for any meaningful reforms”, he said.
Speaking in the same vein, a community leader in Akpor Kingdom, Chief BenardWuchie, said all the pronouncements on electricity tariff increase were not only incoherent, but also misleading.
“Some weeks ago, the pronouncement on review of tariff came from the Nigerian Electricity Regulatory Commission. Nigerians were informed of a proposal to review electricity tariffs, and shortly after that, there was another statement on the contrary.
By: Corlins Walter
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