Nigerian manufacturers and unions oppose 240% electricity tariff increase for users with 20-hour power supply due to inflationary concerns.

Manufacturers and labor unions oppose Nigeria's recent 240% electricity tariff increase for users with a 20-hour power supply, arguing that it will exacerbate inflationary pressures and burden consumers with stagnant wages and high operating costs. The Nigerian Electricity Regulatory Commission (NERC) announced a 300% hike in electricity tariff for Band A consumers, prompting criticism from various stakeholders.

April 03, 2024
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