The Organised Private Sector in Nigeria has said that the recent hike in electricity tariff may force over 65 percent of businesses in the country to shut down, and thus called on the federal government to reverse the increase.
The statement said: “OPSN has received numerous complaints from its member-companies on the implications of the recent astronomical increase in electricity tariff by the Nigerian Electricity Regulatory Commission for Band A customers without the required and proper consultations with the private sector.
The group further stated: “Clearly, with the new tariff of N225/kwh, Nigeria now ranks third after Germany and United Kingdom on the list of countries with high electricity cost. What is most worrisome with the Nigerian case is the fact that the electricity to be supplied is not adequate.
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