By Ogaga Ariemu The Institution of Chartered Accountants of Nigeria has warned that a hike in electricity tariff would further worse...
By Ogaga Ariemu
The Institution of Chartered Accountants of Nigeria has
warned that a hike in electricity tariff would further worsen the misery of
Nigerians, especially Small and Medium Enterprises.
Dr Innocent Okwuosa, the president of ICAN, made this known
in a recent statement.
DAILY POST recalls that the Nigerian Electricity Regulatory
Commission, NERC, had said eleven electricity distribution companies had
written a letter to the government requesting tariff reviews.
Innocent Okwuosa said any move to increase electricity tariff,
will hurt businesses and Nigerians directly.
He advised President Bola Ahmed Tinubu’s federal government
to stall any proposal to hike electricity tariff because Nigerians are still
grappling with fuel price increments, forex challenges and many economic woes.
The Senate and House of Assembly had called on NERC to
suspend any plans to hike electricity tariffs.
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