By Dawud Ahmed in Lokoja.
Photo credit: Facebook.
A concerned Nigerian,Mal. Abdullahi Shuaibu,has questioned the rationale behind the recent increase in electricity tariff, announced by the Nigerian Electricity Regulatory Commission,NERC by over 300 per cent.
In his statement, a copy of is available to The Reporters on Tuesday in Lokoja,he said:
“Analogy for the upward review of electricity tariff band A only.
If Cadbury, for example is in Band A and you increase their tariff by 300%, the price of Bournvita will go up and those in Band Z where there is no transformer will buy at the increased price.
“If they buy at a higher price, they are the ones paying the 300% increase, not the manufacturer who you want to tax.
“If consumers don’t have the purchasing power to buy at the new rate, Cadbury will close down.
“If Cadbury closes down and others too follow, unemployment will increase.
“If unemployment increases, insecurity will take a jump.
“If insecurity jumps, the money you thought you’re making will be diverted to security, and it won’t be enough.
“That is why the US, UK, France, Germany, and all developed economy support their factories with billions invested in power subsidy.”
“This is the reality!!!