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    Home - MarketNews - Tariff Hike: N230m Monthly Electricity Bill not Sustainable – Unilorin VC
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    Tariff Hike: N230m Monthly Electricity Bill not Sustainable – Unilorin VC

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJune 10, 2024No Comments2 Mins Read
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    Tariff Hike: N230m Monthly Electricity Bill not Sustainable – Unilorin VC
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    Tariff Hike: N230m Monthly Electricity Bill not Sustainable – Unilorin VC

    Vice-Chancellor of University of Ilorin, Prof. Wahab Egbewole, says the institution’s monthly electricity bill has jumped from N70 million to N230 million.

    Egbewole, in an e-mail message sent to staff members and students of the university, a copy of which was made available to newsmen on Monday in Ilorin, said that the new monthly electricity bill was not sustainable.

    He said that the recent hike in electricity tariffs by Ibadan Electricity Distribution Company (IBEDC) had seriously affected the institution’s budget.

    Egbewole, a Senior Advocate of Nigeria (SAN), stressed the urgent need for critical re-assessment of the current electricity usage in the university.

    He appealed to both staff members and students to adopt more responsible electricity consumption habits and support the administration’s efforts to implement some cost-saving measures.

    According to the vice-chancellor, the management has intensified efforts in negotiations for alternative power supply to the university.

    He said that all the buildings under construction in the Faculties of Agriculture, Arts, Environmental Science, Law and Social Sciences would include provisions for alternative power sources as part of their designs.

    He added that strategies were being developed to ensure that all faculties and units were equipped with reliable alternative power options.

    Egbewole also stressed the need for safeguarding the new facilities from theft and vandalism, adding that they should be protected and maintained. Equities Market Climbs by N323bn on Fresh Rally

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    ogochi Ndubuisi is creative content manager with interest in marketing and advertisement. Ogochi supports MarketForces Africa's clients corporate communication units with content development and liaise with media unit for disseminable product information.

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