News
Tinubu Gives Condition For Increment Of Electricity Tariff Nationwide
……The Minister of Power, Adebayo Adelabu, revealed that President Bola Tinubu insisted that the country must achieve regular and incremental power supply before considering an increase in electricity tariffs.
According to him, Tinubu stopped the implementation of a hike in the electricity tariff and insisted that a subsidy be paid for power consumed nationwide.
……Adelabu stated this at a press conference in Abuja on Wednesday, while speaking on the call for a cost-reflective tariff, which would lead to a hike in the amount payable for power.
“You cannot jump overnight and implement the cost-reflective tariff. I can tell you that, till today, the government still subsidises power,” he said, emphasising the importance of the power sector to any leader.
“Tariffs should have been raised months back, but Mr President said, until we are able to achieve regular and incremental power supply, we can’t touch the tariff,” he added.
“Now, I never said that it is not yet time to charge a cost-reflective tariff. Rather, I said a cost-reflective tariff is supposed to have been implemented months ago because it is the source of liquidity to the system.
“But for political reasons and empathy, you cannot cause an additional burden on Nigerians…”
-
Osun News2 days ago
Osun Poly Staff Stabbed During Exam Supervision (Photo)
-
Celebrities7 days ago
Ex-Supper Eagles Player, Babangida Dies, Buried (Photo)
-
Osun News2 days ago
Bank Manager Arrested By Police In Osun Over Alleged N650.8m Fraud
-
Politics5 days ago
Tinubu Reacts To Rivers Political Crisis, Sends Strong Message To Wike, Others
-
Politics7 days ago
Famous Nollywood actress gets federal appointment (Photo)
-
Education6 days ago
Varsity Lecturer Stripped Naked Over Alleged S3xual Harassment
-
Metro/Crime7 days ago
64 Suspected Internet Fraudsters Arrested In Osun
-
Osun News4 days ago
Gov Adeleke Installed As Asiwaju Of Edeland