…Says plan insensitive, callous Eunice Imo Lagos –Organised labour, under the umbrella of the Nigeria Labour Congress, NLC,…
Browsing: electricity tariff hike
– Says crude oil would stable at $74 OpeOluwani Akintayo Lagos — World apex bank has warned that Nigeria and…
OpeOluwani Akintayo Lagos — The National Assembly has put on hold planned electricity tariff hike scheduled to take effect from…
“TUC recalls with dismay that several billions of naira have been expended in the sector to no avail. The call for tariff hike cannot be a solution and it shall be resisted,” the communique stated.
He noted that contrary to the speculation fueled by mischief makers, distribution companies are facing severe liquidity constraints as they are charging far below cost prices in the delivery of electricity to its customers.
The union claimed in a statement that if there is an increment in the tariff it will lead to the closure of many factories as well as unequaled unemployment.
He noted that, “If we want to experience reliable electricity, we must accept the reality of tariffs and possible upward or downward reviews. We must stop going to court to get injunctions to stop tariff reviews.
Opeoluwani Akintayo 13 July 2017, Sweetcrude, Lagos – Electricity distribution companies, also known as Discos, have expressed support for the call…
“No Disco is making any profit in this sector now. No Disco has less than N10 loss today on power supplied to consumers. We are struggling with cost recovery,” said Oduntan.
This new fine, contained in the amendment to Utility Charges Commission (Amendment) Act 2004, passed by the Senate yesterday, implied 4,900 per cent increase from the existing N10,000 fine in the original Act.
