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The Federal Government of Nigeria has sanctioned a reduction in electricity tariff for Band A customers, slashing it from N225/kWh to N206.80/kWh, Vanguard newspaper reported earlier.
Band A customers are classified as electricity consumers who receive a minimum supply of 20 hours daily.
Ikeja Electric, in a notice to its customers issued on Monday, announced the tariff adjustment, stating: “Please be informed of the downward tariff review of our Band A feeders from N225/kWh to N206.80/kWh effective 6th May 2024 with guaranteed availability of 20-24hrs supply daily. The tariff for Bands B, C, D, and E remains unchanged.”
Details regarding this development are forthcoming.
Labour’s Reaction
The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) had previously urged the Nigerian Electricity Regulatory Commission (NERC) and power sector operators to reverse the electricity tariff increase within a week.
During a joint speech to commemorate the 2024 Workers’ Day in Abuja last Wednesday, Mr. Joe Ajaero, President of NLC, and Mr. Fetus Osifo, President of TUC, expressed their discontent over the inconsistent power supply in the country, citing its adverse impact on economic growth.
In their address, they emphasized the vital role of power management in national development, asserting, “One of the pivotal factors constraining our nation is our glaring incompetence in managing this sector for the collective welfare of our citizens. Power, regardless of its source, remains paramount in kickstarting any economy, while oil and gas are indispensable for robust energy success in every country.”
The labour leaders stressed the necessity for collaborative efforts between the government and the populace to establish frameworks ensuring equitable energy distribution across Nigeria. They lamented the persistent challenges faced by the power sector, highlighting the unchanged plight of the sector even a decade after privatization.
