Labour want 40 Percent Reduction from Electricity Tariff

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Labour want 40 percent Reduction from Electricity Tariff

NaijaNews Nigeria February 1 2021

NaijaNews Nigeria reports that, there is a stalemate in the push for electricity tariffs reversal championed by Organised Labour.

Labour is pushing for a 40 per cent reduction following September’s increase by the Federal Government.

This online news medium understand that the Labour’s argument is based on findings that gas, a major component of the Distribution Companies (Discos), should not be sold in dollars.

According to Organised Labour, the product should be sold to Discos at $1.50, as against $2.50, even if it is to be sold in foreign currency.

Organised Labour found that the Discos consume 70 per cent of the gas generated in the country, wondering why the government has to always increase tariff.

A source close to the seven-man committee set up by the Federal Government faulted the continuous sale of gas to Discos in dollars.

After an increase in electricity tariff in September last year, President of the Nigeria Labour Congress (NLC), Ayubba Wabba and that of the Trade Union Congress, Quadri Olaleye, threatened to embark on strike.

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