Editorial
FG And Power Tariff Review
The strategic public enlightenment programme announced by the Federal Government to engage stakeholders, including labour unions, civil society orgnisations, youth-based groups and traditional rulers, in the planned power tariff review is a welcome development.
According to the time-table, the pogramme will be extended to the six geo-political zones of the country to provide platform for all categories of power consumers to lend their voices to the planned tariff review. It will also give government the opportunity to enlighten the public on how the improvement can be sustained.
We believe that the initiative coming on the heels of a threat of nationwide action by the organised labour will be used to effectively educate Nigerians on how the proposed tariff increase will improve the power supply chain – generation, transmission and distribution and facilitate production and development in Nigeria.
There is no gain saying the fact that electricity remains a critical factor in powering the operations of any economy. Clearly, any plan geared towards industrialisation and economic development will be a mirage without power. Unfortunately, this is the one area that successive governments have failed to address.
It is regrettable that our nation’s economy, which was on a right course, took a nose dive when electricity supply became scarcely available. This resulted in industrial crisis in which some viable and profitable companies, relocated to neigbouring countries.
It is against this backdrop that we totally support moves by the President Goodluck Jonathan led administration to tackle the numerous challenges facing the power sector through its reform roadmap that demands upward review of tariff to allow the needed private sector participation in the sector.
The Tide believes that once the electricity problem is resolved, Nigeria will naturally start working again as small and medium scale businesses will begin to produce and reconnect the country to economic prosperity. Also expected is the drop in the price of goods that were raised by 60 per cent following the cost of privately sourced electricity.
We also join other well meaning Nigerians to acknowledge the fact that the effective implementation of the power reform programme of the Federal Government will encourage more competition in the industrial sector and reduce imports, inflation, diesel consumption and lessen pressure on the forex market.
We expect however that government would commit more effort in its current move to revive more of the electricity projects under the Independent Power Projects (IPP) and invest in facilities that will ensure constant supply of gas to the plants to ensure that their operations are not hampered by access to gas.
While The Tide commends the Federal Government for taking into consideration the need for reduced tariffs, we call for a concerted effort by government and its regulatory agencies to ensure strict compliance to laid down rules and regulations by operators of the sector for efficiency.
We equally implore organised labour, civil society organisations and other pressure groups to graduate from only criticising every government policy and progrmames to the level of effective participation in the process of change in this country. In fact, labour should stop acting like the opposition political party.
It is only through pragmatic and proactive approach, rather than incessant strikes, incompetence that the desired change would come. And this will come when credible investors are encouraged to participate.
Nigerians now know better that they cannot expect any quality change, if the way of doing things fail to change. Besides, Nigerians have voted the present government because of the need and promise for outright transformation. To do nothing, but oppose the government and resist every change is nothing short of sabotage.
Any further move that will take the country back to the use of industrial action like that of the fuel subsidy removal should be avoided. It might portray the Nigeria Labour Congress (NLC) and its affiliates in bad light and not as a group that is fighting for the collective interest of Nigerians. We say no to strikes, no to power outage. Dialogue should make it possible.
Editorial
Certificate Forgery, Loss Of Public Trust
Editorial
In Support of Ogoni 9 Pardon
Editorial
Strike: Heeding ASUU’s Demands
-
Oil & Energy13 hours agoOndo, Investors Sign $50b Refinery, Free Trade Zone Agreement
-
News9 hours ago‘Tinubu Committed To Environmental Sustainability, Benefits To Ogoni’
-
News1 day agoTinubu CongratulatesSoludoOn Re-election, Lauds INEC
-
Maritime13 hours agoAfrican Nations Stand To Gain From Blue Economy —NPA MD
-
Niger Delta13 hours agoDelta To Present Over ?1trn Budget For 2026
-
Politics12 hours agoAnambra Guber: I’m Not Impressed, LP Candidate Says …As Observers Lament Vote-buying, Low Voters Turnout
-
Oil & Energy13 hours agoOil Demand to Rise Through 2032 as Energy Transition Stalls
-
News9 hours agoCleric Harps On Significance Of Thanksgiving
