Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Fitch Lower Global Sovereigns Sector Outlook to ‘Deteriorating’

    July 9, 2026

    BTC, ETH, XRP Rally Amid US Fed Hawkish Signal

    July 9, 2026

    Naira Exchange Rate Rises at NFEM as FX Demand Declines

    July 9, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Fitch Lower Global Sovereigns Sector Outlook to ‘Deteriorating’
    • BTC, ETH, XRP Rally Amid US Fed Hawkish Signal
    • Naira Exchange Rate Rises at NFEM as FX Demand Declines
    • Nigerian Stocks Extend Rally, Investors Gain N962bn
    • UK’s Lack of Fiscal Space Expected to Prevent Marked Policy Easing
    • Nigeria Tops Africa’s AI Ranking
    • XRP Rises as Ripple, Kansas Athletics Enter Sports Marketing Deal
    • Oil Prices Ease as Tensions Shift Demand, Supply Curve
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, July 9
    • 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

    Fitch Lower Global Sovereigns Sector Outlook to ‘Deteriorating’

    BTC, ETH, XRP Rally Amid US Fed Hawkish Signal

    Naira Exchange Rate Rises at NFEM as FX Demand Declines

    Nigerian Stocks Extend Rally, Investors Gain N962bn

    UK’s Lack of Fiscal Space Expected to Prevent Marked Policy Easing

    Nigeria Tops Africa’s AI Ranking

    Add A Comment

    Comments are closed.

    Editors Picks

    Fitch Lower Global Sovereigns Sector Outlook to ‘Deteriorating’

    July 9, 2026

    BTC, ETH, XRP Rally Amid US Fed Hawkish Signal

    July 9, 2026

    Naira Exchange Rate Rises at NFEM as FX Demand Declines

    July 9, 2026

    Nigerian Stocks Extend Rally, Investors Gain N962bn

    July 9, 2026

    UK’s Lack of Fiscal Space Expected to Prevent Marked Policy Easing

    July 9, 2026
    Latest Posts

    Fitch Lower Global Sovereigns Sector Outlook to ‘Deteriorating’

    July 9, 2026

    BTC, ETH, XRP Rally Amid US Fed Hawkish Signal

    July 9, 2026

    Naira Exchange Rate Rises at NFEM as FX Demand Declines

    July 9, 2026

    Nigerian Stocks Extend Rally, Investors Gain N962bn

    July 9, 2026

    UK’s Lack of Fiscal Space Expected to Prevent Marked Policy Easing

    July 9, 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.