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FG’s Hike in Electricity Tariff Insensitive, Unpopular, Will Attract Consequences – NLC
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The Federal Government, on Friday, insisted on the 240 per cent hike in tariff payable by power consumers in the band ‘A’ category despite calls for its reversal.
It also revealed that the subsidised power pricing regime would be for the short term, with a transition plan to achieve a full cost-reflective tariff within a period of three years.
However, the decision did not go down well with the Nigeria Labour Congress, which told the Federal Government to prepare for the consequences of the tariff hike, which it described as wicked and unpopular, stressing that since the government preferred to listen to the World Bank and International Monetary Fund, it should be ready to face the consequences.
The Head of Information, NLC, Benson Upah, told Saturday PUNCH, “We did say earlier that this tariff hike is insensitive and unpopular. So if the government elects to continue with the hike or persists in something that is evil, I’m sure it is equally prepared for the consequences of that evil.
“The manufacturers are saying this is going to hurt businesses and make the environment more hostile, and we also said so. There is no place in the world where high power tariffs have supported manufacturing. Not even in the developed world.
“So, it completely beats our imagination for the minister to have the audacity to say that the policy would continue. What this means is that the minister and the President are not in charge. It is saddening that the minister elected to pursue an unpopular policy.”
Upah added, “It shows that the minister and the President are not in charge. The people in charge are the World Bank and the IMF. They are the ones driving this highly injurious policy.
“So, our leaders should be prepared for the consequences of this highly injurious policy. That is what I’ll say about this issue for now.”
Manufacturers and the organised labour had kicked against the hike in tariff payable by about 1.9 million consumers, which was approved and announced by the Federal Government on Wednesday.
Subsidy on electricity was withdrawn completely from the tariff of consumers on the band A category, which constitute about 15 per cent of the total 12.82 million power consumers across the country.
The government announced the hike in electricity tariff at a press briefing in Abuja by NERC, adding that those affected would pay N225 per kilowatt-hour, up from the previous rate of N68/kWh, representing about 240 per cent increase.
The government stated that the decision took effect on April 3, 2024.
But the Organised Private Sector, NLC, and the Trade Union Congress kicked against the hike in tariff for power users and demanded that the decision be reversed.
They argued that the hike in tariff would send manufacturers out of business, worsen inflation and stifle small and medium enterprises, adding that there was no place in Nigeria currently enjoying up to 20 hours of power supply daily.
Band A power users are those who get up to 20 hours supply of electricity daily.
The Punch
Headlines
Atiku Dares Tinubu over $16bn Power Sector Fund Probe
Former Vice President Atiku Abubakar has dared the President Bola Tinubu administration to investigate him (Atiku) over allegations of wrongdoing in the $16 billion power sector fund, saying recycled accusations should not be used to avoid accountability for subsidy savings.
Reacting on Wednesday through his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku described the sudden revival of old allegations on power, privatisation and public assets as a ploy to divert attention from pressing questions about the management of public resources.
“The National Assembly investigated the power projects. I was never invited to answer any allegation of wrongdoing,” Atiku said.
“Yes, I chaired the National Council on Privatisation as Vice President. But on the power project, I disagreed with its concept and did not preside over its implementation. The responsible minister did. The same applies to the Aluminium Smelter matter.”
The presidential candidate of the African Democratic Congress (ADC) said he had consistently called for investigation into any claim against him since leaving office in 2007.
“I have repeatedly asked to be investigated. I left office in 2007 and have spent much of the period since then opposing governments in power. If there is evidence that I stole public money, why has no government produced it before a court?
“It is still not too late. Investigate me. Invite me. Produce the evidence. Prosecute me if you have a case. But propaganda cannot substitute for evidence,” he said.
Atiku argued that the attacks intensified because he has been demanding transparency on the funds saved from fuel subsidy removal.
“They removed subsidy from the poor and promised that the sacrifice would free resources for development. Nigerians accepted extraordinary pain on that promise.
“Today, petrol is more expensive, transportation is more expensive, food is more expensive and the purchasing power of the Nigerian worker has been devastated.
“Meanwhile, government revenues have increased, while fiscal incentives, waivers, tax credits and concessions continue to be available to powerful economic interests.
“So our question remains brutally simple: Where is the people’s money?” he asked.
According to him, government cannot withdraw relief from ordinary Nigerians while granting concessions to the wealthy and then claim that intervention for the poor is “economically irresponsible.”
“You cannot take relief away from the poor, celebrate the resulting revenue and then tell the same impoverished citizens that government intervention on their behalf is economically irresponsible while interventions benefiting powerful interests are called incentives. That hypocrisy is precisely what we are challenging,” Atiku stated.
He said no amount of “sponsored social-media mudslinging” would silence him from demanding accountability.
“The people who removed subsidy from the poor cannot frighten us into silence by resurrecting allegations that governments with all the investigative machinery of the Nigerian state have had nearly two decades to establish.
“If you have evidence against Atiku, bring it. If you have a case, prosecute it.
“But if you have neither, stop manufacturing distractions and answer Nigerians: You removed the subsidy. You collected the savings. Where is the money?”
Headlines
Finally, NFF President, Ibrahim Gusau, Resigns
The President of Nigeria Football Federation (NFF), Ibrahim Gusau, has announced his resignation from office.
He made the announcement during a press conference at the NFF Glass House in Abuja on Thursday.
Addressing journalists, Gusau said he decided to step aside to give other Nigerians the opportunity to contribute to the development of football in the country.
He maintained that despite the failure of the federation’s men’s and women’s teams to qualify for the World Cups, he is leaving the NFF in a better position than he found it.
Gusau also disclosed that he had advised members of his board to resign, but said he is not aware of any board member who had so far stepped down.
“I just want to tell you that I decided to resign my position as the NFF President. I informed my board members and advised them that anybody who wants to follow me to also resign, but as I am talking to you I cannot tell you who and who or how many board members that have resigned,” he said.
Headlines
Tinubu Spent Millions of Dollars to Hide ‘Drug’ Records, US Firm Alleges
A United States-based policy advisory and lobbying firm, Von Batten-Montague-York, has alleged that Nigeria’s President, Bola Tinubu, spent millions of dollars to prevent the release of records of his alleged drug trafficking case.
Von Batten-Montague-York made this allegation in a post on its verified X handle late Tuesday.
According to the firm, Tinubu’s claim that he was not attempting to block the release of the records is contradictory to the action of his own legal team in the ongoing Freedom of Information Act (FOIA) case.
It accused Tinubu of having petitioned the court and consulted with the Federal Bureau of Investigation (FBI) and Drug Enforcement Administration, DEA, as part of efforts to prevent the records from being released.
“Despite claiming innocence, Tinubu has spent millions of dollars to ensure that his drug trafficking records are never released.
“The description of the underlying matter is merely a civil case. The involvement of US law-enforcement agencies in the records dispute demonstrated that the matter involved sensitive investigative material,” the firm said.
The latest allegation from the firm came against the backdrop of the ongoing legal battle over the release of records held by the US Department of Justice, DOJ, FBI and DEA, concerning historical investigations involving Tinubu.
United States District judge, Beryl Howell, had granted Donald Trump-appointed attorney, Jeanine Pirro, additional days to release the alleged drug-trafficking records.
Tinubu had joined the request of the US Department of Justice for a 10-day extension to respond to a motion seeking the release of records relating to allegations of drug trafficking.






