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Home Economy And Business

Labour Unions Issue Ultimatum To FG To Reverse Electricity Tariff Hike

“One of the pivotal factors constraining our nation is our glaring incompetence in managing this sector for the collective welfare of our citizens.”

by NewsOnline Nigeria
May 1, 2024
in Economy And Business, Top Stories
0
Nigeria Labour Congress Leader Abducted

Labour Unions have issued an ultimatum to FG to reverse the electricity tariff hike.

 

NewsOnline Nigeria reports that the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have urged the Federal Government through the Nigerian Electricity Regulatory Commission (NERC) and Power Sector operators to promptly reverse the recent hike in electricity tariffs within one week.

 

This Nigeria news platform understands that in a joint address delivered on Wednesday in Abuja to commemorate the 2024 Workers’ Day, the presidents of both unions, Joe Ajaero and Fetus Osifo, expressed their discontent with the country’s inconsistent power supply, which is adversely impacting its economic progress.

 

ALSO: FG Vows To Effect New Minimum Wage From May 1, 2024

They emphasized that any nation that fails to effectively and efficiently manage its energy resources is bound to face inevitable destruction.

The labour unions noted, “One of the pivotal factors constraining our nation is our glaring incompetence in managing this sector for the collective welfare of our citizens.”

 

The labour unions expressed the view that “Power, regardless of its source, remains paramount in kickstarting any economy, while oil and gas are indispensable for robust energy success in every country.”

 

The duo emphasized the utmost importance of the government working hand in hand with the citizens to create systems that guarantee accessible energy for every Nigerian.

 

As per their statement, the power sector’s challenges have persisted for more than ten years since its privatization.

 

“The reasons are glaringly evident. As long as those who sold the companies remain the buyers, Nigerians will continue to face formidable challenges in the power sector.

 

“It is unethical to force Nigerians to pay higher tariffs for non-existent electricity. Estimated billing is an extortion and a daylight robbery against Nigerians,” the duo said.

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