Tinubu told to stop Discos’ plans to increase electricity tariffs

Tinubu told to stop Discos’ plans to increase electricity tariffs

 The Oodua People’s Congress (OPC), has appealed to President
Bola Tinubu to halt the proposed increase in electricity tariffs by the
Distribution Companies (DISCOs).

 

Mr Wasiu Afolabi, the OPC President, stated this in a
statement signed by its General-Secretary, Mr Bunmi Fasehun on Sunday, in
Lagos.

 

NAN reports that the Federal Government had last Friday
revealed that eleven successor electricity companies have applied for a review
of their respective electricity tariffs.

 

However, Afolabi urged Tinubu to kill the proposed
electricity price increase, saying that workers under the umbrella of the
Nigeria Labour Congress (NLC) and industrialists under the Manufacturers
Association of Nigeria (MAN) had earlier rejected the move.

 

Afolabi said, “President Tinubu should tell distribution
companies that if they cannot deliver with the current tariff, they should
submit their licences and close shop.

 

“Moreover, the government should scrap this territorial
monopoly, where only one DISCO has commandeered a service area and allows no
competition.”

Source: Tinubu told to stop Discos’ plans to increase electricity tariffs

 - NigerianEye

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