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    MarketForces Africa » MarketForces News » Electricity: NLC, TUC Condemn Higher Tariff for non-existent Electricity

    Electricity: NLC, TUC Condemn Higher Tariff for non-existent Electricity

    Marketforces AfricaBy Marketforces AfricaMay 1, 2024 News No Comments2 Mins Read
    Electricity: NLC, TUC Condemn Higher Tariff for non-existent Electricity
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    Electricity: NLC, TUC Condemn Higher Tariff for non-existent Electricity

    The  Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC),  have appealed to the  Nigerian Electricity Regulatory Commission (NERC) and Power Sector operators, to reverse the  increase in electricity tariff within  one week.

    President of  the  unions, Mr Joe Ajaero and Mr Fetus Osifo made the call on Wednesday in a joint speeche to  mark the  2024 Workers’ Day in Abuja.

    The duo expressed dissatisfaction over epileptic power situation in the country which is affecting  economic growth of the country.

    According to them, it’s imperative that any nation incapable of effectively and efficiently managing its energy resources, faces certain ruin.

    “One of the pivotal factors constraining our nation is our glaring incompetence in managing this sector for the collective welfare of our citizens.

    “Power, regardless of its source, remains paramount in Kickstarting any economy, while oil and gas are indispensable for robust energy success in every country. “

    They said it was absolutely critical for the government to collaborate with the people to establish frameworks that ensure energy works for all Nigerian.

    According to the duo, the plight of the power sector remains unchanged over a decade after privatisation of the sector.

    “The reasons are glaringly evident. As long as those who sold the companies remain the buyers, Nigerians will continue to face formidable challenges in the power sector.

    ” It is unethical to force Nigerians to pay higher tariff for non-existent electricity.

    “Estimated billing is an extortion and a day light robbery against Nigerians, ” the duo said. ” #Electricity: NLC, TUC Condemn Higher Tariff for non-existent Electricity

    Naira Reclaims Value on Fresh Accretion into FX Reserves

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