A chieftain of the All Progressives Congress, APC, Joe Igbokwe, has cried out to President Bola Tinubu to look into the new electricity tariff in the country.

Igbokwe, a staunch supporter of Tinubu’s presidency, said the development will kill businesses if the Nigerian government doesn’t act as quickly as possible.

In a post on his Facebook page on Saturday, Igbokwe lamented that N20,000 worth of units now only last for just a day.

The APC chieftain, therefore, urged the government to review the electricity tariff.

He said: “PBAT, please look into the new electricity tariff in Nigeria. It will kill businesses if the government does not act as quickly as possible. I have a small office in Surulere with about about 7 units of AC.

“We used to buy 300 plus units for N20,0000. Yesterday we bought N20,000 worth of units and it lasted for just one day. They call it band A group. I pray that we review this.”

RhinoChest:
While I understand Mr Igbokwe’s complaint, I do believe that the infrastructures around electricity will only get better if the tariff is market-reflective.

It’s no coincidence that since tariff has gone up, Genco’s have ramped up production and we want that trend to continue.

Also, gov is struggling to pay subsidy, which would mean more debt and poor infrastructure around electricity.

Once the super grid are on board, and metering gap is reduced, you would see more liquidity in the market, which would mean more competition, thereby lowering cost in the long run.

Mr President should tell oil importers to use their huge capital to transition into becoming Gencos, as electricity industry is going through a revolution and will be awash with liquidity very soon. They should let local refineries thrive.

NNPC just announced they are about to build a new power plant. This signals that increase in electricity tariff is already attracting investors.

obiekunie01:
GUTTER MAN IS TALKING!

smells everywhere!

joe yorubakwe!

RhinoChest:
While I understand Mr Igbokwe’s complaint, I do believe that the infrastructures around electricity will only get better if the tariff is market-reflective.

It’s no coincidence that since tariff has gone up, Genco’s have ramped up production and we want that trend to continue.

Also, gov is struggling to pay subsidy, which would mean more debt and poor infrastructure around electricity.

Once the super grid are on board, and metering gap is reduced, you would see more liquidity in the market, which would mean more competition, thereby lowering cost in the long run.

Mr President should tell oil importers to use their huge capital to transition into becoming Gencos, as electricity industry is going through a revolution and will be awash with liquidity very soon. They should let local refineries thrive.

NNPC just announced they are about to build a new power plant. This signals that increase in electricity tariff is already attracting investors.

adenigga:


Source: https://dailypost.ng/High-electricity-tariff-will-kill-businesses-APC-chieftain-Joe-Igbokwe-cries-to-Tinubu

RhinoChest:
While I understand Mr Igbokwe’s complaint, I do believe that the infrastructures around electricity will only get better if the tariff is market-reflective.

It’s no coincidence that since tariff has gone up, Genco’s have ramped up production and we want that trend to continue.

Also, gov is struggling to pay subsidy, which would mean more debt and poor infrastructure around electricity.

Once the super grid are on board, and metering gap is reduced, you would see more liquidity in the market, which would mean more competition, thereby lowering cost in the long run.

Mr President should tell oil importers to use their huge capital to transition into becoming Gencos, as electricity industry is going through a revolution and will be awash with liquidity very soon. They should let local refineries thrive.

NNPC just announced they are about to build a new power plant. This signals that increase in electricity tariff is already attracting investors.