The Nigerian Association of Small and Medium Enterprises, NASME, has faulted plans by the new owners of Power Holding Company of Nigeria, PHCN,to increase electricity tariff, asserting that it is inappropriate and uncalled for.
“They should not increase tariff just like that without showing some impact or improvement on the electricity and it is wrong to charge people on fixed rates; whether you use the electricity or not, it is very wrong for one to pay for what he/she did not use.
“The electricity tariff should be transparent, there is need for harmonisation of DISCO’s, there is still 75 per cent reduction on fixed charge, the new investors are people like you and I in business,” said NASME.
While briefing the press, Dr. Lizzy Okereke, Chairperson, Conference Organising Committee, said there is still a big problem with electricity supply and distribution, adding that, it is wrong for the new owners to increase tariff now.
Fielding questions on the focus of this year’s edition of NASME international conference and exhibition scheduled to hold in Abuja, she said for Nigerian economy to take its rightful place in Africa and serve as the continent’s hub
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