Increase in electricity tariff ill-timed – MAN : vima

Increase in electricity tariff ill-timed – MAN


By Joy Odigie
Benin, Jan. 6, 2020 The Manufacturers Association of Nigeria (MAN), Edo/Delta branch, has described the increase in electricity tariff by the Nigerian Electricity Regulatory Commission (NERC) as `ill-time’ due to the economic recession.
Mr Okwara Udensi, Chairman of the branch, told the News Agency of Nigeria (NAN) in Benin on Wednesday that many businesses were still facing untold hardship caused by the COVID-19 pandemic and EndSARS violence.
He said the manufacturing sector was currently being faced with high cost of production noting that any further increase in electricity tariff would worsen production and purchasing power of consumers.
“The economy is in a bad shape, we are in recession, so an increase in electricity tariff will translate to an increase in the cost of goods and services.

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