The President of the Trade Union Congress, TUC, Festus Osifo, on Wednesday, urged the Nigerian Electricity Regulatory Commission NERC, to reverse the increase in electricity tariff within one week, saying it was unethical for Nigerians to pay high electricity tariffs.
The TUC president who spoke during the 2024 Workers’ Day in Abuja, expressed dissatisfaction with the worsening power situation in the country, which is affecting the country’s economic growth.
Osifo said it’s imperative that any nation incapable of effectively and efficiently managing its energy resources faces certain ruin.
He said, “One of the pivotal factors constraining our nation is our glaring incompetence in managing this sector for the collective welfare of our citizens.
“Power, regardless of its source, remains paramount in kickstarting any economy, while oil and gas are indispensable for robust energy success in every country. “
According to him, the plight of the power sector remains unchanged over a decade after privatisation of the sector.
“The reasons are glaringly evident. As long as those who sold the companies remain the buyers, Nigerians will continue to face formidable challenges in the power sector.
”It is unethical to force Nigerians to pay higher tariffs for non-existent electricity.
“Estimated billing is an extortion and a daylight robbery against Nigerians, ” he said.
In March, the NERC approved an increase in electricity tariff for customers under the Band A classification.
The Vice Chairman, NERC, Musliu Oseni, said the increase will see the customers paying N225 kilowatt per hour from the current N66.
