Tariff Hike: Don’t Derail FG’s Reform Plan, Power Minister Tells Labour

The Minister of Power, Adebayo Adelabu, says any reversal in the hike of electricity tariff for Band A customers in the country will derail the reform agenda of the President Bola Tinubu administration for the power sector.His comments followed the nationwide picketing of the offices of the Nigerian Electricity Regulatory Commission and distribution companies by the Organised Labour on Monday.

When asked to respond to the position of the Organised Labour, the power minister said, “The first question was about the recent Labour unions’ peaceful protest with regards to the recently increased tariffs for Band A customers in Nigeria’s electricity supply industry. Let me first make it abundantly clear that we are in democracy so there are fundamental human rights. I cannot deny people their rights.

“But one thing that I want to state here is from the statistics of those affected by the hike in tariff, the people on the road yesterday , who embarked on the peaceful protests, more than 95% of them are not affected by the increase in the tariff of electricity. They still enjoy almost 70% government subsidy in the tariff they pay because the average costs of generating, transmitting and distributing electricity is not less than N180 today.

“My appeal again is that they should please not derail or distract our transformation plan for the industry. We have a clearly documented reform roadmap to take us to our desired destination, where we’re going to have reliable, functional, cost-effective and affordable electricity in Nigeria. It cannot be achieved overnight because this is a decay of almost 60 years, which we are trying to correct.“Nobody promised us or assured us that the road will be smooth.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Minister: electricity tariff hike reversal will derail reform planThe Nation Newspaper Minister: electricity tariff hike reversal will derail reform plan
Source: TheNationNews - 🏆 6. / 69 Read more »

Electricity tariff hike: Don’t derail transformation plan in power sector, FG begs organised labourTHE Federal Government on Tuesday pleaded with the organized labour not to truncate the transformation plan on the power sector as it concerns the new tariff regime
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Electricity tariff: Don’t derail plans in power sector, FG begs LabourThe Nation Newspaper Electricity tariff: Don't derail plans in power sector, FG begs Labour
Source: TheNationNews - 🏆 6. / 69 Read more »

Electricity tariff hike: Nigerians paying for darknessThe Nation Newspaper Electricity tariff hike: Nigerians paying for darkness - NLC, TUC tackle NERC
Source: TheNationNews - 🏆 6. / 69 Read more »

Labour rejects tariff hike, epileptic power supply in BayelsaThe Nation Newspaper Labour rejects tariff hike, epileptic power supply in Bayelsa
Source: TheNationNews - 🏆 6. / 69 Read more »

Tariff hike: MultiChoice queries tribunal’s jurisdiction to issue orderThe Nation Newspaper Tariff hike: MultiChoice queries tribunal's jurisdiction to issue order
Source: TheNationNews - 🏆 6. / 69 Read more »