electricity tariff forOPSN comprises top business membership organisations such as the Manufacturers Association of Nigeria and Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture .
“The OPSN has received numerous complaints from its member-companies on the implications of the recent astronomical increase in electricity tariff by the NERC for Band A customers without the required and proper consultations with the private sector,” the organisation said.“This sudden exponential increase in the face of inadequate electricity supply, is inimical to the competitiveness of Nigerian products and businesses and will definitely exacerbate the impact of high cost of production.
The group further said with the new tariff of N225 kilowatt per hour, Nigeria now ranks third after Germany and the United Kingdom on the list of countries with high electricity costs.“What is most worrisome with the Nigerian case is the fact that the electricity to be supplied is not adequate,” OPSN said.
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