Electricity: Obi backs Tinubu govt on tariff hike

Electricity: Obi backs Tinubu govt on tariff hike

The presidential candidate of the Labour Party (LP) in the 2023 general elections Peter Obi, has expressed support for the decision of President Bola Tinubu’s government to increase electricity tariff.

Obi said on Sunday that increasing the power tariff for the rich was a good decision.

Recall that the Nigerian Electricity Regulatory Commission approved a tariff increase on Tuesday last week for Band A customers.

Reacting to the development, Obi said it was the solution to Nigeria’s power challenges.

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He stressed that a tariff increase for urban areas that could afford it was understandable.

“The solution is very simple (referring to the electricity tariff hike); you can increase the tariff for those in areas where they can afford it.

“We must do a lot in power generation because it has taken so long. But we have to take into consideration that the majority of Nigerians are suffering.

“So we need to support people in those areas to be able to live and be able to produce something.

“When they start to produce something, we are pushing them out of poverty, and that’s where my theory of moving from consumption to production comes in,”  he said.

Electricity: Obi backs Tinubu govt on tariff hike