President Muhammadu Buhari has agreed to suggestions by National Assembly leadership to prevail on electricity distribution companies in the country to suspend their planned electricity tariff price hike.
It would be recalled that the National Assembly had intervened in the matter on Monday and had suggested that the plan be kept on hold for the time being. “I will like to say that I think we have all agreed on an increase in cost reflective tariff but the issue is that the timing is also important. Sometimes, timing is more important than even the policy decision that you make.“There is a saying that the road to hell is often paved with good intentions. So the intentions is good but what about the timing?
He said necessary measures, including the provision of prepaid meters, must first be put in place before any hike can be made. “So we had this discussion with Mr. Vice President and we are sure that that announcement in the increase of electricity tariff in Nigeria is untimely.
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