The Nigeria Labour Congress, NLC, Trade Union Congress, TUC, and civil society organisations, CSOs, yesterday rejected the planned 40 per cent hike in electricity tariff.
While the NLC described the proposed increase in tariff as insensitive and callous, TUC said it is the height of insensitivity to the suffering of the masses of the country.
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On their part, CSOs asked government to immediately shelve the proposed tariff hike, describing it as unfair and unjustifiable.
It will be recalled that in announcing the tariff increase, Nigerian Electricity Regulatory Commission, NERC, had said the current Service Based Tariff, SBT, was benchmarked on an exchange rate of N441/$ and inflation of 16.97 percent
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He argued that since the value of the naira to the dollar now hovers above N700 and current rate of inflation at 22.45 per cent, it wis necessary to increase tariff to mitigate operators’ cost of operations.
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