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    Nigeria: Minister seeks support for tax reforms to drive economic growth

    UK, Nigeria unveil £15m joint economic transformation programme

    Sanwo-Olu inaugurates grassroots Ambassadors to engage Lagos citizens on Tinubu’s Renewed Hope journey

    President Tinubu Democracy Day Address

    Nigeria: Troops, DSS uncover IPOB/ESN arms cache, recover RPG launcher, rifles in Enugu

    Nigeria: Troops, DSS uncover IPOB/ESN arms cache, recover RPG launcher, rifles in Enugu

    Nigeria:  FG launches new revenue system to eliminate leakages, boost transparency

    Nigeria: Presidency disowns ‘Presidential Foreign Intervention Promotion Council’

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    AfDB commits $86m to agro-processing zones project in Nigeria

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    Nigeria: Senate issues arrest warrant on Mele Kyari over N210trn audit queries

    NNPCL grows profit by 64% to ₦5.4trn in 2024, as Ojulari pledges strategic investments to sustain growth into next decade

    Ex-NNPCL CFO says no N210trn missing

    Nigeria: Services sector leads GDP growth to 3.98% in Q3 2025 

    Nigeria’s external trade strengthens as export earnings drive ₦7.55trn trade surplus in Q1 2026

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    Nigeria–Congo World Cup dispute: Fresh speculation as DR Congo omits two controversial players

    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

    Mixed reactions trail Davido’s appointment as youth mobiliser for Adeleke’s re-election campaign

    Davido set for induction into Black Music Walk Of Fame

    CREATIVE SECTOR: Strong tech-driven growth

    CREATIVE SECTOR: Strong tech-driven growth

    Deejays disown report of Burna Boy’s music ban

    Deejays disown report of Burna Boy’s music ban

    David Offor, famous actor as Clarus in 1970s New Masquerade tv home series, passes away 

    David Offor, famous actor as Clarus in 1970s New Masquerade tv home series, passes away 

    Spotify streams fetch Nigerian artistes N60b in 2025

    Spotify streams fetch Nigerian artistes N60b in 2025

    Grammys 2026: South Africa’s Tyla edges Nigerian artistes with Best African Music Performance

    Grammys 2026: South Africa’s Tyla edges Nigerian artistes with Best African Music Performance

    Actors Guild of Nigeria lifts suspension of  Nollywood actress Halima Abubakar

    Actors Guild of Nigeria lifts suspension of  Nollywood actress Halima Abubakar

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

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    Nigeria: Minister of Communications, Tijani unveils high-tech innovation hub at OAU

    Nigeria: FG moves to establish Armed Forces Medical College

    2026 National TVET Conference: Nigeria prioritises technical education to boost employment, industrial growth

    WAEC warns against candidate extortion

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    UNIPORT appoints Prof. Chike as new VC

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    Nigeria: FG reaffirms commitment to advancing Tinubu’s agenda in education  

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    Taxing, Borrowing the Future Without Building: What has Nigeria’s fiscal authority done for the real sector?

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    Nigeria adopts new frameworks to strengthen accountability, financing, governance, service delivery in health sector

    SUNU Health set to unveil mobile App to ease healthcare access

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    EU to support Ebola response in Africa with €17.5m

    Nigeria: National Assembly plans boost funding for primary healthcare

    SFH lauds NASS reforms on health financing

    Harvard University commends establishment of NASENI-Troment factory to eradicate diseases

    Harvard University commends establishment of NASENI-Troment factory to eradicate diseases

    WHO confirms 88% drop in measles deaths as vaccination averts 58.7m deaths globally

    WHO says unsafe food causes 866m illnesses, 1.5m deaths annually

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Africa CDC, WHO inaugurate $518m Ebola response plan

    NCDC calls for structured private sector co-investment to strengthen Nigeria’s health security

    NCDC boss says no confirmed case of Ebola in Nigeria

    Ebola: WHO says 139 suspected dead, numbers expected to rise

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    TikTok yanks off 4m videos, disrupts 86,000 LIVE sessions in Nigeria

    TikTok yanks off 4m videos, disrupts 86,000 LIVE sessions in Nigeria

    Jeff Duru chairs SUPERNEWS Confab 2026, as Idu Okeahialam delivers keynote paper

    Nigeria’s Digital TV switch begins June 17, says minister Idris

    Nigeria’s Digital TV switch begins June 17, says minister Idris

    Sahara Power Group joins Mission 300 to accelerate electricity access for 300m Africans by 2030

    Oriental News Summit: Kola Adesina to Lead Dialogue on Nigeria’s Oil Industry Decarbonisation

    MEDIA: Digital platforms reshaping consumption

    Report flags Nigeria media funding challenges

    Nigeria: Court sentences man to three years’ imprisonment in Lagos over N8b fraud

    Nigeria: Court stops NBC from punishing broadcasters for expressing opinions

    Nigeria commits to lead global fight against Fake  news

    Nigeria commits to lead global fight against Fake  news

    Nigerian press bodies urge FG, NASS to act against big tech threat to information sovereignty

    World Press Freedom Day: SERAP, NGE urge government to protect journalists, end insecurity and impunity in Nigeria

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    Nigeria: Minister seeks support for tax reforms to drive economic growth

    Sanwo-Olu inaugurates grassroots Ambassadors to engage Lagos citizens on Tinubu’s Renewed Hope journey

    President Tinubu Democracy Day Address

    Nigeria: Senate confirms three nominees as non-career ambassadors, two commissioners of NERC

    Nigeria: Senate issues arrest warrant on Mele Kyari over N210trn audit queries

    NNPCL grows profit by 64% to ₦5.4trn in 2024, as Ojulari pledges strategic investments to sustain growth into next decade

    Ex-NNPCL CFO says no N210trn missing

    NEPZA seeks 10-year tax exemption for SEZ operators

    NEPZA assures investors in Calabar zone of support amid security, tax concerns

    Banks’ Insiders Take Position: Why You Should Worry

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    WHO confirms 88% drop in measles deaths as vaccination averts 58.7m deaths globally

    WHO says unsafe food causes 866m illnesses, 1.5m deaths annually

    UN launches $33b aid appeal with urgent call for global solidarity

    World Environment Day: UN chief advocates protection of forest, land

    WHO confirms 88% drop in measles deaths as vaccination averts 58.7m deaths globally

    WHO seeks ban on flavoured tobacco, nicotine products to protect youth

    2026 World No Tobacco Day: Cancer Society seeks strict implementation of Tobacco Control Act

    2026 World No Tobacco Day: Cancer Society seeks strict implementation of Tobacco Control Act

    WHO confirms 88% drop in measles deaths as vaccination averts 58.7m deaths globally

    World No Tobacco Day 2026: Unmask the appeal – countering tobacco and nicotine addiction – WHO

    Sokoto–Badagry Highway: 18km of earthworks, 47km of site clearance achieved in 2 months- Contractor

    Global economic outlook hangs in balance between geopolitical headwinds and AI boost – WEF

    UN welcomes Strait of Hormuz reopening amid ceasefire

    U.S., Iran trade attacks near Strait of Hormuz amid ceasefire

    Nigeria announces key reforms to boost transparency, accountability in World Bank funded projects

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    Brighton sign 18-year-old Nigerian sensation, Yohanna

    Brighton sign 18-year-old Nigerian sensation, Yohanna

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    Liverpool appoint Spaniard Iraola as new boss

    World Bicycle Day 2026: BrandEscort reaffirms commitment to promoting a greener future through Cycling Lagos, Cycling Kano

    World Bicycle Day 2026: BrandEscort reaffirms commitment to promoting a greener future through Cycling Lagos, Cycling Kano

    PSG beat Arsenal 4-3 on penalties to win Champions League

    PSG beat Arsenal 4-3 on penalties to win Champions League

    Taxing, Borrowing the Future Without Building: What has Nigeria’s fiscal authority done for the real sector?

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    Saka’s goal sends Arsenal to Champions League final

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    Saka’s goal sends Arsenal to Champions League final

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    Heirs Energies hails partners on award-winning $750m financing deal

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    EBRD forecasts slower growth in sub-Saharan Africa in 2026

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    Abuja Chamber urges policy stability, MSMEs support to strengthen economy in 2026

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    REA CEO, stakeholders to brainstorm on Nigeria’s energy transition pathway at 2026 Oriental News Conference

    REA CEO, stakeholders to brainstorm on Nigeria’s energy transition pathway at 2026 Oriental News Conference

    NECA backs 15% import tariff on petrol and diesel

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    FirstBank, Cybersecurity group, others seek stronger digital infrastructure protection

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  • NIGERIA

    Nigeria: Minister seeks support for tax reforms to drive economic growth

    UK, Nigeria unveil £15m joint economic transformation programme

    Sanwo-Olu inaugurates grassroots Ambassadors to engage Lagos citizens on Tinubu’s Renewed Hope journey

    President Tinubu Democracy Day Address

    Nigeria: Troops, DSS uncover IPOB/ESN arms cache, recover RPG launcher, rifles in Enugu

    Nigeria: Troops, DSS uncover IPOB/ESN arms cache, recover RPG launcher, rifles in Enugu

    Nigeria:  FG launches new revenue system to eliminate leakages, boost transparency

    Nigeria: Presidency disowns ‘Presidential Foreign Intervention Promotion Council’

    AfDB approves $310m financial package for FirstRand Bank to scale up lending to MSMEs, women entrepreneurs, agribusinesses in South Africa

    AfDB commits $86m to agro-processing zones project in Nigeria

    Nigeria: Senate confirms three nominees as non-career ambassadors, two commissioners of NERC

    Nigeria: Senate issues arrest warrant on Mele Kyari over N210trn audit queries

    NNPCL grows profit by 64% to ₦5.4trn in 2024, as Ojulari pledges strategic investments to sustain growth into next decade

    Ex-NNPCL CFO says no N210trn missing

    Nigeria: Services sector leads GDP growth to 3.98% in Q3 2025 

    Nigeria’s external trade strengthens as export earnings drive ₦7.55trn trade surplus in Q1 2026

  • Entertainment
    Nigeria–Congo World Cup dispute: Fresh speculation as DR Congo omits two controversial players

    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

    Mixed reactions trail Davido’s appointment as youth mobiliser for Adeleke’s re-election campaign

    Davido set for induction into Black Music Walk Of Fame

    CREATIVE SECTOR: Strong tech-driven growth

    CREATIVE SECTOR: Strong tech-driven growth

    Deejays disown report of Burna Boy’s music ban

    Deejays disown report of Burna Boy’s music ban

    David Offor, famous actor as Clarus in 1970s New Masquerade tv home series, passes away 

    David Offor, famous actor as Clarus in 1970s New Masquerade tv home series, passes away 

    Spotify streams fetch Nigerian artistes N60b in 2025

    Spotify streams fetch Nigerian artistes N60b in 2025

    Grammys 2026: South Africa’s Tyla edges Nigerian artistes with Best African Music Performance

    Grammys 2026: South Africa’s Tyla edges Nigerian artistes with Best African Music Performance

    Actors Guild of Nigeria lifts suspension of  Nollywood actress Halima Abubakar

    Actors Guild of Nigeria lifts suspension of  Nollywood actress Halima Abubakar

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    NFVCB hails Funke Akindele on box office success of ‘Behind The Scene’

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  • Education
    Nigeria: FG moves to establish Armed Forces Medical College

    NUT  worries over insecurity threatening Nigeria’s education future

    Nigeria: Minister of Communications, Tijani unveils high-tech innovation hub at OAU

    Nigeria: Minister of Communications, Tijani unveils high-tech innovation hub at OAU

    Nigeria: FG moves to establish Armed Forces Medical College

    2026 National TVET Conference: Nigeria prioritises technical education to boost employment, industrial growth

    WAEC warns against candidate extortion

    UNIPORT appoints Prof. Chike as new VC

    UNIPORT appoints Prof. Chike as new VC

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: FG reaffirms commitment to advancing Tinubu’s agenda in education  

    UNICEF raises alarm over proliferation of sexualised images of youngsters by AI

    UNICEF says poverty, population surge strain Nigeria’s education system

    Taxing, Borrowing the Future Without Building: What has Nigeria’s fiscal authority done for the real sector?

    Tinubu commissions TETFUND-funded education projects across Nigeria

    NELFUND Interview: Disburses N116b for students’ fees, upkeeps

    NELFUND: No suspension of students’ upkeep allowance

  • Health
    Nigeria adopts new frameworks to strengthen accountability, financing, governance, service delivery in health sector

    Nigeria: Health workers warn of possible strike over unresolved salary adjustment

    Nigeria adopts new frameworks to strengthen accountability, financing, governance, service delivery in health sector

    SUNU Health set to unveil mobile App to ease healthcare access

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    EU to support Ebola response in Africa with €17.5m

    Nigeria: National Assembly plans boost funding for primary healthcare

    SFH lauds NASS reforms on health financing

    Harvard University commends establishment of NASENI-Troment factory to eradicate diseases

    Harvard University commends establishment of NASENI-Troment factory to eradicate diseases

    WHO confirms 88% drop in measles deaths as vaccination averts 58.7m deaths globally

    WHO says unsafe food causes 866m illnesses, 1.5m deaths annually

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    Africa CDC, WHO inaugurate $518m Ebola response plan

    NCDC calls for structured private sector co-investment to strengthen Nigeria’s health security

    NCDC boss says no confirmed case of Ebola in Nigeria

    Ebola: WHO says 139 suspected dead, numbers expected to rise

    UN scales up Ebola response, refugees ‘exiled’ in Africa

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    TikTok yanks off 4m videos, disrupts 86,000 LIVE sessions in Nigeria

    TikTok yanks off 4m videos, disrupts 86,000 LIVE sessions in Nigeria

    Jeff Duru chairs SUPERNEWS Confab 2026, as Idu Okeahialam delivers keynote paper

    Nigeria’s Digital TV switch begins June 17, says minister Idris

    Nigeria’s Digital TV switch begins June 17, says minister Idris

    Sahara Power Group joins Mission 300 to accelerate electricity access for 300m Africans by 2030

    Oriental News Summit: Kola Adesina to Lead Dialogue on Nigeria’s Oil Industry Decarbonisation

    MEDIA: Digital platforms reshaping consumption

    Report flags Nigeria media funding challenges

    Nigeria: Court sentences man to three years’ imprisonment in Lagos over N8b fraud

    Nigeria: Court stops NBC from punishing broadcasters for expressing opinions

    Nigeria commits to lead global fight against Fake  news

    Nigeria commits to lead global fight against Fake  news

    Nigerian press bodies urge FG, NASS to act against big tech threat to information sovereignty

    World Press Freedom Day: SERAP, NGE urge government to protect journalists, end insecurity and impunity in Nigeria

    Chief Justice of Nigeria charges judiciary to guard credibility ahead of 2027 polls

    Chief Justice of Nigeria frowns at inaccurate, sensational reporting of court proceedings

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    Nigeria: Minister seeks support for tax reforms to drive economic growth

    Sanwo-Olu inaugurates grassroots Ambassadors to engage Lagos citizens on Tinubu’s Renewed Hope journey

    President Tinubu Democracy Day Address

    Nigeria: Senate confirms three nominees as non-career ambassadors, two commissioners of NERC

    Nigeria: Senate issues arrest warrant on Mele Kyari over N210trn audit queries

    NNPCL grows profit by 64% to ₦5.4trn in 2024, as Ojulari pledges strategic investments to sustain growth into next decade

    Ex-NNPCL CFO says no N210trn missing

    NEPZA seeks 10-year tax exemption for SEZ operators

    NEPZA assures investors in Calabar zone of support amid security, tax concerns

    Banks’ Insiders Take Position: Why You Should Worry

    NGX up 0.06% on sustained buying interest

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    WHO confirms 88% drop in measles deaths as vaccination averts 58.7m deaths globally

    WHO says unsafe food causes 866m illnesses, 1.5m deaths annually

    UN launches $33b aid appeal with urgent call for global solidarity

    World Environment Day: UN chief advocates protection of forest, land

    WHO confirms 88% drop in measles deaths as vaccination averts 58.7m deaths globally

    WHO seeks ban on flavoured tobacco, nicotine products to protect youth

    2026 World No Tobacco Day: Cancer Society seeks strict implementation of Tobacco Control Act

    2026 World No Tobacco Day: Cancer Society seeks strict implementation of Tobacco Control Act

    WHO confirms 88% drop in measles deaths as vaccination averts 58.7m deaths globally

    World No Tobacco Day 2026: Unmask the appeal – countering tobacco and nicotine addiction – WHO

    Sokoto–Badagry Highway: 18km of earthworks, 47km of site clearance achieved in 2 months- Contractor

    Global economic outlook hangs in balance between geopolitical headwinds and AI boost – WEF

    UN welcomes Strait of Hormuz reopening amid ceasefire

    U.S., Iran trade attacks near Strait of Hormuz amid ceasefire

    Nigeria announces key reforms to boost transparency, accountability in World Bank funded projects

    World Bank aims to double Africa guarantees to $6.4b by 2030

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    Xi, Putin criticise U.S. on nuclear, security issues

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    Brighton sign 18-year-old Nigerian sensation, Yohanna

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    Liverpool appoint Spaniard Iraola as new boss

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    World Bicycle Day 2026: BrandEscort reaffirms commitment to promoting a greener future through Cycling Lagos, Cycling Kano

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    PSG beat Arsenal 4-3 on penalties to win Champions League

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    Ecobank Nigeria confirms early repayment of $300m eurobond

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    Saka’s goal sends Arsenal to Champions League final

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    FCCPC shuts CASCO Electronics in Lagos over consumer complaints

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    REA CEO, stakeholders to brainstorm on Nigeria’s energy transition pathway at 2026 Oriental News Conference

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Home Energy

As electricity bills overtake rents, Lagos landlords set to jerk up rents

by Worldstage News
November 9, 2023
in Energy
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* DISCOs lament how consumers  are by-passing  meters to steal electricity

WorldStage Newsonline– Residents of No. 32, Adebayo Street in Alakuko axis of Lagos State were near to physical fists throwing over unconfirmed circumstances of shorter span of enjoyment of electricity recharge.

The controversy arose from dragging but sudden surge in electricity tariff which, unknown to them, was the reason earlier fee for recharging their prepaid meter in a month no longer lasted that long.

At first, the landlady, Mrs. Titilayo Shotayo, had attributed the shortage to possibility of tenants having brought in additional electrical devices and thereby reduced the usual span of monthly recharge of meter. She suggested apartment-to-apartment check for such devices to know who among the tenants had caused the shortage. After heated arguments among the tenants in favour and against the landlady’s suggestion and which almost resulted to tenants abusing themselves, a move for calm and suggestion for check of order of previous payments by one of the tenants led to the discovery that Ikeja Electricity Distribution Company (IKEDC) had stealthily ramped up tariff per unit of electricity supply by close to 100% from the previous N45 per unit to N87 since September 2023.

Though the initial enmity generated among the tenants by the hidden increase subsided, but not the pain of the crushing burden of additional payment liability for same period of a month. The tenants could neither understand nor fathom how to afford a difference of N86, 000 in the previous monthly recharge of N34, 000 and the new N120, 000. By implication, a room tenant previously paying N2, 675 per month will now be paying about N9, 500 while a flat apartment tenant paying N8, 000 will have his bill jumped to about N28, 000 per month. The dramatic aspect of it is that tenants, by the tariff increase, are now paying more for electricity than rent.

Bad as the situation is, the landlady is already warming up to worsen it by jerking up the rent, because according to her, it’s inconceivable for electricity charges to be higher than rent. That’s another trouble the tenants of the facility are up with. And truly, the landlady may be right with her readiness to hike rent because right from the coming of electricity, charges for its use has ever neither be at par nor anywhere near rent. That leaves tenants at the receiving end of both financial tragedies.

The situation at No. 32 Adebayo residence was later to expose similar happenings in many other residential facilities around the area as their tenants, aware of what happened at No. 32, told their own stories too in solidarity. One of them who simply identified himself as Famoroti narrated that himself and other tenants in his house are already contemplating protest against their landlord because, according to him, if house rent increment is effected he might not be able to  take care of even the most basic responsibility at home front.

He complained he’s already down meeting promptly the usual financial responsibilities as children’s school fees, house rent, transportation as well as liability to some extended family members’ needs. He said additional increase of rent would mean a death knell for him. While he did not give by what percentage the landlord is like to jerk up the rent, he said consequence on his finances is the same anyway.

A check by WorldStage Newsonline with IKEDC officials at Alakuko and Ijaiye Lagos office of the company for explanation on why it smuggled in the hike in tariff showed it was done in effecting previous alert by the company on the inevitability of the action due to fuel subsidy removal. Few of the officials who reluctantly volunteered to speak, but under anonymity, cited the spiraling exchange rate of naira to dollar as well as fuel pump price increase as reasons.

Residents of No. 32 Adebayo Street and other consumers of electricity appear not alone in conflict the tariff hike is generating as officials of DisCos disclosed that they’re equally having a hell of task reining in on alleged meter tampering by some consumers of their services as a way of lessening the effect of the burdensome tariff.

One of the officials disclosed what, according to him, had become the practice of electricity consumers to disconnect electric wire from prepaid meter and connect it directly to electricity source at weekends, mostly to evade meter reading of power consumed. He lamented that not even the heavy punishments or legal/monetary fines sometimes imposed on violators had helped to discourage the development.

Asked if the burdensome new tariffs are not unbearable enough to justify the practice, though illegal and criminal, he said the new tariffs were necessary if DisCos was to continue in business and Nigerians to have adequate supply of electricity. He admitted the negative financial impact of the tariff increase on the lives of consumers but denounced that the problem emanated from them. He argued that the company was operating based on the basic principle cost and pricing marketing practice, adding that the country cannot eat her cake and have it with the liberalization policies that the current administration is giving force.

Since the start of the year there have been reports and counter reports of Nigeria’s Electricity Distributing Company (DisCos) intention of increasing charges on per unit electricity consumption, leaving Nigerians seriously worried about the potential impact it’s going to be on their lives. Confirming the reports which many had regarded as rumours, DisCos declared in June it was going to jerk up tariff by 40% beginning from last July and justified the hike as a response to the floating of the naira. It added that by the increase it aimed to ensure that the electricity industry remained financially viable and sustainable in the face of forex challenges.

DisCos also explained that “Under the Multi-Year Tariff Order (MYTO) 2022 guidelines, the previously set exchange rate of N441/1 dollar may now be revised to approximately N750/1 dollar, impacting the tariffs associated with your electricity consumption. For customers within bands B and C, with supply hours ranging from 12 to 16 per day, the new base tariff is expected to be N100 per kWh while Bands A with (20 hours and above) and B (16 to 20 hours) will experience comparatively higher tariffs. For customers with a prepaid meter, we encourage you to consider purchasing bulk energy units before the end of this month as this will allow you to take advantage of the current rates and potentially make savings before the new tariffs come into effect. For those on post-paid (estimated) billing, a significant increment is imminent in your monthly billing, starting from August.”

While that explanation was given at a time the exchange rate was being speculated to peak at N750/1$ from N441/1$, it’s little wonder that DisCos resorted to smuggling in further tariff increase for fear of popular revolt should it make it a duty to the public to announce.

The MYTO 2022 guideline is a framework that the Nigerian Electricity Regulatory Commission (NERC) uses to determine electricity tariffs in Nigeria. Its guidelines provide a structured approach to calculating and reviewing tariffs to ensure transparency, cost recovery, and sustainability in the power sector.

It provides a 15-year tariff path for the Nigerian electricity industry and undergoes regular reviews to account for changes in factors such as inflation, U.S. dollar exchange rate to naira, gas price and generation capacity.

Major reviews are conducted every five years, during which all inputs are reviewed in consultation with stakeholders, while the minor reviews are done bi-annually, which involve collecting actual data from the National Bureau of Statistics, Central Bank of Nigeria and System Operations Unit of Transmission Company of Nigeria.

It then comes to the question of the propriety of rent increase because of increase in electricity tariff. Does increase in electricity tariff have any direct economic bearing on rented houses to warrant consequential increase adjustment to existing rent rate?

Dr. Felix Fagbade of Solid Security & Investment Ltd, a stock broking company, said there is. According to him, as long as the current economic crisis in the country is felt by house owners and value of rents they usually collect is considered significantly compromised such that they no longer cover for same range of expenses they previously did, then house owners would not be acting in error to jerk up rents.

Asked if such move will not amount to double burdens on tenants since there is yet no proportional adjustment to their earnings, Fagbade replied that’s the reason tenants who were government employees should pressure their employers to equally jerk up their pays. He said those (tenants) that were self-employed must have already reflected the difference in their charges on services they rendered or on prices of products they sold. He admitted however that it would only amount to wickedness if government, in the face of the hardship its new economic policies had brought, refused to mitigate the effect by increasing employees’ earnings for them to be able to meet up with financial responsibilities.

Mr. Patrick Umeheze, a public analyst who also spoke on the development explained that the country is presently at a fix but needed the various reforms being emplaced by the current federal administration. He argued that while the citizens needed to accept and cope with the temporary pains the reforms bore, he however maintained that the pains shouldn’t be allowed to be borne by a class of the citizenry while other class or classed were insulated. He also condemned some of the nation’s utilities’ operators like DisCos, telecom companies etc as taking unfair advantage of the current economic crisis to act Shylock. Much as he acknowledged that the crisis had caused rise in costs for individuals and organizations alike, he disagreed with some of the actions being taking by many companies or entities to weather the effects.

Earlier in the year the Nigeria Labour Congress (NLC) had warned against the planned increase, stating that the massive rise will not bode well for Nigerians. In the warning, NLC dismissed the figures churned out by DisCos as enough justification for what it described as reckless proposed tariff increase. “The issue of capacity to pay and quality of service delivery is not only germane but superior to any rationalization by market logic,” the Congress President, Joe Ajaero, had said while giving the warning.

Also, the president of the Manufacturers Association of Nigeria, Francis Meshioye, in an interview with Arise TV, sought the reduction of electricity tariffs for manufacturing businesses.

Also discouraging the proposed tariff increase, the president of the Manufacturers Association of Nigeria, Francis Meshioye, had said “no increment on the tariff currently, rather the government should look at a way to give us special tariff on electricity to be able to mitigate overburdened expenses of expenditure of manufacturing industry in the country.” According to him, the association currently spends up to 30 per cent on energy, and he urges a subsidy of up to 20-15 per cent to help competitiveness.

Shehu Sanni, a social critic and former senator, also called the proposal soulless. “Some Power distribution companies have issued a notice of an impending electricity tariff hike; that is soulless. No reasonable person will support such a policy. Yes, we have wealthy people, but we are still a developing country,” he had called out at the time.

Sanni also faulted the federal government on its move to take off fuel subsidy, make plans to increase electricity tariffs and then hike 40 per cent in vehicle duties. “They’re simply being unfair to Nigerians,” he bemoaned on Twitter, now X.

Tags: electricity billsIKEDCLagos
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