Politics
Osun Senator Voices Concern Over Escalating Utility Bills: N1m Each For Electricity And Diesel
Osun Senator Voices Concern Over Escalating Utility Bills: N1m Each For Electricity And Diesel....KINDLY READ THE FULL STORY HERE▶
Senator Olubiyi Fadeyi from Osun Central revealed during an investigative hearing in Abuja on April 29 that he allocates one million naira monthly for both electricity and diesel expenses. He expressed discontent over the proposed increase in electricity tariff, particularly the movement of customers to Band A, stating that it wasn’t justified due to inadequate electricity supply………CONTINUE READING
The Nigerian Electricity Regulatory Commission (NERC) sanctioned a 340% increase in electricity tariff for customers under Band A classification. Under this category, customers are expected to pay N225 per kilowatt-hour, a considerable jump from the previous N66 rate. Band A comprises customers receiving 20 hours of daily electricity supply, constituting 15% of Nigeria’s 12 million electricity consumers. However, NERC’s Vice Chairman, Musliu Oseni, assured that the tariff revision wouldn’t affect customers in other bands.
Minister of Power, Adebayo Adelabu, defended the tariff hike, claiming that Nigerians in Band A would save on diesel and petrol expenses for generators. Contrary to this assertion, Senator Fadeyi rebutted, affirming his continuous expenditure on both electricity and diesel. He emphasized, “I spend N1m on electricity and another N1m on diesel. This is excluding how much I spend on my businesses. If the electricity was good, I wouldn’t spend that much on fueling my generator.”
Senator Fadeyi urged NERC to intensify regulatory efforts to ensure equitable and efficient electricity distribution, highlighting the need for improved service delivery.
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Source: Bushradiogist
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