Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    10-Year U.S. Treasury Yield Hovers Below 5%

    October 26, 2026

    Nigeria Money Market Braces for ₦800bn Treasury Bills Auction

    October 26, 2026

    Excess Liquidity in Banking System Rises to N6.94trn, Rates Mixed

    October 26, 2026
    Facebook X (Twitter) Instagram
    Trending
    • 10-Year U.S. Treasury Yield Hovers Below 5%
    • Nigeria Money Market Braces for ₦800bn Treasury Bills Auction
    • Excess Liquidity in Banking System Rises to N6.94trn, Rates Mixed
    • Fitch Affirms Ireland at ‘AA’ Rating with Stable Outlook
    • DMO Raises N2trn from Bonds to Fund Nigeria’s Budget Deficit
    • XRP Rises as Investors in Korean Markets Bet on Altcoins
    • NVIDIA Tokenised Stock Rises on Fresh Buying Momentum
    • Naira Depreciates to N1,361 Ahead of Pre-Election FX Demand
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, October 26
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Union Bemoans Hike in Electricity Tariff

    Union Bemoans Hike in Electricity Tariff

    Marketforces AfricaBy Marketforces AfricaApril 4, 2024 News No Comments2 Mins Read
    Union Bemoans Hike in Electricity Tariff
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Union Bemoans Hike in Electricity Tariff

    The Association of Senior Civil Servants of Nigeria (ASCSN), has bemoaned the hike in electricity tariff in the country.

    Mr Etim Okon, National President of ASCSN, said this while reacting to the new increase in tariff with newsmen on Wednesday in Abuja.

    The Federal Government on April 3, announced the new increase in electricity tariff.

    Okon described the new policy as a “misplacement of priority, anti-people policy and unacceptable”.

    According to him, the hike in the electricity tariff from N66/3kWh to N225/kWh for those who enjoy electricity supply for 20 hours per day is unacceptable and a recipe for unrest. Naira Devaluation Deepens Economic Crisis in Nigeria

    “This shows clearly that Nigeria is not ready for 24-hour electricity supply.

    “I think that the policy is not right, especially at this time of socioeconomic challenges where the cost of living is very exorbitant and the salary of the workers remained static.

    “Today, we are still battling with the fuel subsidy removal without any corresponding remedy and yet the increase in the electricity tariff without even the supply of electricity,” he said.

    He said the federal government was prioritising revenue generation over the welfare of Nigerians who are currently struggling to survive.

    He noted that government, in the announcement, had said that the planned hike in electricity tariff would ensure at least 20 hours of power supply.

    Okon, therefore, advised government to find ways of stabilising the economy before thinking of how to generate more revenue through taxation.

    He urged the government to reconsider its stance and reverse to the old tariff

    “If the labour union calls for protest, government will say we are being insensitive but without consultation they just woke up and announced increase in price of electricity.

    “No worker now can boast of anything with N30,000 minimum wage.

    “The calculation on ground and the high cost of living have already consumed everything before they even make the announcement so where are we going from here.

    “Government must reverse to the former tariff and allow the economy to have some level of stability,” he said.

    Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    10-Year U.S. Treasury Yield Hovers Below 5%

    Nigeria Money Market Braces for ₦800bn Treasury Bills Auction

    Excess Liquidity in Banking System Rises to N6.94trn, Rates Mixed

    Fitch Affirms Ireland at ‘AA’ Rating with Stable Outlook

    DMO Raises N2trn from Bonds to Fund Nigeria’s Budget Deficit

    XRP Rises as Investors in Korean Markets Bet on Altcoins

    Add A Comment

    Comments are closed.

    Editors Picks

    10-Year U.S. Treasury Yield Hovers Below 5%

    October 26, 2026

    Nigeria Money Market Braces for ₦800bn Treasury Bills Auction

    October 26, 2026

    Excess Liquidity in Banking System Rises to N6.94trn, Rates Mixed

    October 26, 2026

    Fitch Affirms Ireland at ‘AA’ Rating with Stable Outlook

    October 25, 2026

    DMO Raises N2trn from Bonds to Fund Nigeria’s Budget Deficit

    October 25, 2026
    Latest Posts

    10-Year U.S. Treasury Yield Hovers Below 5%

    October 26, 2026

    Nigeria Money Market Braces for ₦800bn Treasury Bills Auction

    October 26, 2026

    Excess Liquidity in Banking System Rises to N6.94trn, Rates Mixed

    October 26, 2026

    Fitch Affirms Ireland at ‘AA’ Rating with Stable Outlook

    October 25, 2026

    DMO Raises N2trn from Bonds to Fund Nigeria’s Budget Deficit

    October 25, 2026

    Subscribe to News

    Get latest news from MarketForces Africa...

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.