Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Ogun ​‌‍⁠‌‍⁠⁠‌‍⁠​‍‌⁠‍​‌​Releases N6.75bn for Gratuity, Additional Pension Benefits

    September 11, 2026

    NVIDIA Tokenised bStocks Drops on Broader Market Selloffs

    September 11, 2026

    Samuel Eto’o: Cameroon Football Chief Denies Embezzlement Claims

    September 11, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Ogun ​‌‍⁠‌‍⁠⁠‌‍⁠​‍‌⁠‍​‌​Releases N6.75bn for Gratuity, Additional Pension Benefits
    • NVIDIA Tokenised bStocks Drops on Broader Market Selloffs
    • Samuel Eto’o: Cameroon Football Chief Denies Embezzlement Claims
    • XRP Dips on High US Yields, Ripple Integrates AI into Treasury Platform
    • FG Pays N1.1bn Additional Exit Benefits to 175 Retirees
    • South African Rand Falls Against USD Amid Mixed Economic Data
    • Tech Rivalry: Xiaomi Beats Apple to Market as 18 Fold Launched Ahead of iPhone Fold
    • Global Equities Markets Down as Rising Energy Costs Stoke Selloffs
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, September 12
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketNews » Electricity Tariff: Labour Pickets IBEDC Office in Osogbo

    Electricity Tariff: Labour Pickets IBEDC Office in Osogbo

    Marketforces AfricaBy Marketforces AfricaMay 13, 2024 MarketNews No Comments3 Mins Read
    Electricity Tariff: Labour Pickets IBEDC Office in Osogbo
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Electricity Tariff: Labour Pickets IBEDC Office in Osogbo

    Members of the Organised Labour in Osun on Monday blocked the main entrance of the Ibadan Electricity Distribution Company (IBEDC) Business Hub, Osogbo, protesting over the recent hike in electricity tariff.

    The News Agency of Nigeria (NAN) reports that the action was a result of the joint directive of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), to picket offices of power distribution companies (DisCos) in their respective state capital.

    The action was to protest the recent increase in electricity tariffs approved by the National Electricity Regulatory Commission (NERC).

    The union leaders locked the entrance gates of IBEDC Business Hub and other sub-offices in Osogbo, with an instruction to security personnel not to allow anyone to gain access into the offices. Abimbola Fasasi, TUC State Chairman, said that the protest was to make a statement and let the Federal Government know that the electricity tariff increment was unacceptable by Nigerians.

    “The FG must reverse its decision on electricity tariff increment. We don’t want it at this time. The government has to develop and improve electricity generation and supply.

    “How many megawatts is Nigeria generating? They are just pumping money into power without results and they want to heap the expenses on Nigerians. We are saying NO to electricity increment and additional burden on Nigerians and that is why we are here today picketing IBEDC offices,” he said.

    Fasasi said he expected the labour action to yield results in the next two to three weeks, adding that if there is no reversal, labour will shut down the Nigerian economy with a total strike.

    Also speaking, Christopher Arapasopo, NLC State Chairman, said that the position of labour is that the recent increase in the electricity tariff by the NERC should be reversed. You will recall that on April 3, NERC announced increase in electricity tariff, and this is killing Nigerians and Nigerian workers say No to this.

    “We ought to enjoy power supply for at least 20 hours, but I cannot recollect the last time power was supplied to us for eight hours.

    “Recently we had the issue of fuel scarcity and again we are battling with a hike in electricity tariff. The Federal Government has to do the needful. The Central Working Committee (CWC) of the labour unions met on April 30, to take a stand against the electricity hike and that there should be a picketing of DisCos today.

    “We hope that the FG and DisCos will do the needful and reverse the tariff, but if they failed, the CWC will give directive on further steps to take.” he said. PZ Cussons 27% Cheaper, Still Above Offer Rejected by SEC

    Central Bank of Nigeria Investors Naira 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

    Ogun ​‌‍⁠‌‍⁠⁠‌‍⁠​‍‌⁠‍​‌​Releases N6.75bn for Gratuity, Additional Pension Benefits

    NVIDIA Tokenised bStocks Drops on Broader Market Selloffs

    Samuel Eto’o: Cameroon Football Chief Denies Embezzlement Claims

    XRP Dips on High US Yields, Ripple Integrates AI into Treasury Platform

    FG Pays N1.1bn Additional Exit Benefits to 175 Retirees

    South African Rand Falls Against USD Amid Mixed Economic Data

    Add A Comment

    Comments are closed.

    Editors Picks

    Ogun ​‌‍⁠‌‍⁠⁠‌‍⁠​‍‌⁠‍​‌​Releases N6.75bn for Gratuity, Additional Pension Benefits

    September 11, 2026

    NVIDIA Tokenised bStocks Drops on Broader Market Selloffs

    September 11, 2026

    Samuel Eto’o: Cameroon Football Chief Denies Embezzlement Claims

    September 11, 2026

    XRP Dips on High US Yields, Ripple Integrates AI into Treasury Platform

    September 11, 2026

    FG Pays N1.1bn Additional Exit Benefits to 175 Retirees

    September 11, 2026
    Latest Posts

    Ogun ​‌‍⁠‌‍⁠⁠‌‍⁠​‍‌⁠‍​‌​Releases N6.75bn for Gratuity, Additional Pension Benefits

    September 11, 2026

    NVIDIA Tokenised bStocks Drops on Broader Market Selloffs

    September 11, 2026

    Samuel Eto’o: Cameroon Football Chief Denies Embezzlement Claims

    September 11, 2026

    XRP Dips on High US Yields, Ripple Integrates AI into Treasury Platform

    September 11, 2026

    FG Pays N1.1bn Additional Exit Benefits to 175 Retirees

    September 11, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    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.