Labour, private sector protest as Discos hike tariff again

Labour, private sector protest as Discos hike tariff again

The Nigeria Labour Congress, Trade Union Congress, and Organised Private Sector, on Wednesday, faulted the latest hike in the electricity tariff payable by customers in the Band A Category. Following the depreciation of the naira against the United States dollar, and inflation, among other factors, the Nigerian Electricity Regulatory Commission again raised the tariff payable by Band A customers. On Wednesday, some distribution companies including Ibadan Electricity Distribution Company, Eko […]

July 4, 2024 19

NEWS

Electricity tariff hike: Labour demands reversal as protests begin today

•NLC, TUC, others to picket NERC office, DisCos in 36 states The organised labour will on Monday (today) commence nationwide protests over the electricity tariff hike and removal of subsidy from the power sector by the Federal Government. The National Treasurer of the Nigeria Labour Congress, Olatunji Ambali and the National Deputy President of the Trade Union Congress, Tommy Etim, who confirmed the planned protests in separate interviews on Sunday, […]

May 13, 2024 16

NEWS

Tariff hike: Falana backs picketing of NERC, DISCO offices

Human rights lawyer, Femi Falana, on Sunday threw his weight behind the planned picketing of the Nigerian Electricity Regulatory Commission headquarters and offices of the Electricity Distribution Companies across the country on Monday over the hike in electricity tariff. The Organised labour under the auspices of the Nigeria Labour Congress and Trade Union Congress, had a few days ago issued NERC a May 12 deadline to reverse the hike in […]

May 13, 2024 32

NEWS

Forex: MTN, Glo, others seek NCC nod for tariff hike

Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff. The development came after foreign exchange losses and rising energy costs forced some of the operators to post losses last year. The telcos’ proposal to raise their tariff came barely 24 hours after MultiChoice, a South African pay television company raised its tariff. Several companies […]

April 26, 2024 21

BUSINESS

Tariff hike: FG begs workers as electricity union insists on strike

The Federal Government has appealed to members of the National Union of Electricity Employees not to down tools over the recent electricity tariff hike. This is as the union insisted that they would withdraw their services should the government fail to rescind its decision on the removal of subsidy on the tariff payable by Band A customers. The National President of the union, Adebiyi Adeyeye, in an interview with our […]

April 15, 2024 9

NEWS

12 states plan power projects, anger spreads over tariff hike

Lagos, Kano, and 10 other states have concluded plans to start generating power in their respective states in conformity with the Electricity Act 2023. it was gathered on Thursday that some of these states had established their electricity market laws and were waiting for the approval of the Nigerian Electricity Regulatory Commission to have independent regulatory bodies different from the NERC owned by the Federal Government. As the states stepped […]

April 5, 2024 25

BUSINESS

Electricity tariff hike looms as FG raises gas price

The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. Therefore, the rise in the cost of the commodity may lead to a hike in the tariff payable by […]

April 2, 2024 16

BUSINESS

Tinubu stops electricity tariff hike, insists on subsidy

President Bola Tinubu recently stopped the implementation of a hike in electricity tariff and insisted that subsidy be paid on power consumed nationwide, the Minister of Power, Adebayo Adelabu, revealed on Wednesday. Adelabu also stated that the Federal Government would investigate the legality of the five-year licence extension given to privatised power distribution and generation companies, stressing that the operating licences of the firms would have expired on October 31, […]

November 9, 2023 68

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