Manufacturers don kick against planned electricity tariff increase
Di Manufacturers Association of Nigeria, MAN, on Monday, warn against di negative consequences of di proposed increase in tariff by DisCos.
Also, dem warn say if dem no take urgent steps to stop di proposed tariff hike, e go get negative effect on di kontri economy.
Report follow yarn say di distribution company of Nigeria don plan an increased tariff with effect from July 1, 2023.
However, inside statement by di Director General of MAN, Mr. Segun Ajayi-Kadir, he yarn say manufacturers spend at least N144.5bn to source alternative energy in 2022, up from N77.22bn in 2021. Dat one translates to about 87% increase for di cost of access to alternative energy sources by manufacturers within a year.
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According to di statement, in di last 8years, electricity tariff don increase by 186% and hin confirm am say government sef owe N75 billion for unpaid electricity bills and dat one follow show how burdensome di cost of electricity don become.
Also, in add say di absence of stable, effective and fairly priced electricity supply for Nigeria don be long-standing challenge for manufacturers, and di worrisome development don make plenty manufacturing industries to supplement d unreliable electricity supply with alternative energy sources.
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