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Nigerians Lament Hike In Electricity Tariff

Nigerians have taken to social media to strongly voice their displeasure with the President Muhammadu Buhari-led government over another hike in electricity tariff.

The Nigeria Electricity Regulation Commission (NERC) on earlier today (Tuesday) announced a new hike in electricity tariff of 50%.

The new tariff regime is expected to take effect from the 1st of January and to be adhered to by customers of the 11 electricity Distribution Companies.

Hike in electricity tariff

The NERC pointed out the reasons for the hike as follows: the 14.9% inflation rate rise in November 2020, foreign exchange of N379.4/$1 as of December 29, 2020, available generation capacity, US inflation rate of 1.22% and the Capital Expenditure (CAPEX).

The last hike in electricity tariff by the government almost led to the shutdown of the country by the Nigerian Labour Congress and Trade Union Congress.

This new development has led to reactions from Nigerians who have strongly criticised Buhari’s government, with accusations of being insensitive to the plight of Nigerians especially at a time of serious economic instability.

Some have called for a total reversal of the hike, adding that Nigerians were already suffering due to the pandemic.

Below are a few comments gathered by Everyevery.ng from Twitter.

@firstladyship NERC/FG just hiked price of electricity by 50%. Twice now under a pandemic. No stimulus to cushion the effects of the biting hardship Petrol is N162, millions can’t afford it. Families are grappling with high cost of living, especially food inflation Define Buharinomics again??

@UNCLE_AJALA Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity tariff across the country the new tariff took effect from January 1. No increment in workers salaries, the standard of living is getting lower, but they’re increasing fuel & electricity tariff.

@GbemiDennis NERC & it’s FG just hiked electricity tariff by 50% asin. The second time in this pandemic and we have National Assembly o. NASS When Soyinka said talking about this Govt isn’t good for his sanity, y’all think it’s a joke. From #EndSARS to #ENDNERC las las

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