“Reduction in Cost of Production”: Pro-Tinubu Group Tackles Critics of Electricity Tariff Hike

• The Tinubu Media Support Group (TMSG) said the majority of Nigerians will continue to benefit from electricity subsidies
• The Chairman of the Pro Tinubu group, Jesutega Onokpasa said the increase will affect only consumers enjoying about 40 per cent of distributed power supply
• Onokpasa rubbished the claim that the new tariff will affect the productivity of manufacturers in the country

TheTalk.NG journalist Adekunle Dada has over 5 years of experience covering metro and government policy.

FCT, Abuja – The Tinubu Media Support Group (TMSG) said the recent increase in electricity tariff will affect only consumers enjoying about 40 per cent of distributed power supply in the country.

The group said the majority of Nigerians will continue to benefit from electricity subsidies.

Pro-Tinubu group says majority of Nigerians still enjoying electricity subsidy
Photo credit: @officialABAT/@KadunaResidentSource: Twitter

The Chairman of the Pro Tinubu group, Jesutega Onokpasa made this known in a statement obtained by TheTalk.NG in Abuja, on Monday, April 8.

Onokpasa said that the public outrage over the removal of electricity subsidy for 15% of consumers is unnecessary.

Why Tinubu deserves credit for electricity tariff hike

He said President Bola Ahmed Tinubu deserves credit for paving the way for improved power supply in the medium and long term after signing off on an action that shielded 85% of electricity consumers from tariff hikes.

“While it is true that the last tariff hike in Nigeria was in 2020, the distribution companies DisCos have been angling for what they described as cost-reflective tariff to help businesses recover costs and boost investment but it is to the credit of President Tinubu that what we have is a price adjustment that affects only consumers enjoying about 40 per cent of distributed power.

“In addition, out of 800 feeders on Band A, 300 were removed. These are mostly those meant for residences. So, in effect, ordinary electricity consumers will experience no increase outside of consumers in Band B, C, D, and E. Also, those that will experience an increase will receive benefits of lower rates than the alternative power sources they were using.”

Why it won’t affect manufacturers’s productivity

The pro-Tinubu group also dismissed claims that the new tariff for premium electricity consumers would affect productivity in the case of manufacturers.

Onokpasa said the manufacturers will reduce their dependence on diesel-powered generators, and reduce their cost of production.

“So we are convinced that those claiming that manufacturers will pass on the extra cost to the consumer are being mischievous. What they are getting is a reduction in the cost of production, so the consumer should even be expecting lower prices instead.

Obasanjo Farm, 27 feeders downgraded from Band A to E

Meanwhile, TheTalk.NG reported that the Ibadan Electricity Distribution Company (IBEDC) downgraded Obasanjo Farm and 27 other feeders from Band A to Band E.

According to the list, some areas dropped from 20 hours of daily power supply to zero hours.

It was gathered that the 28 downgraded feeders are in Oyo, Ogun, Kwara and Osun states.

Source: TheTalk.NG

BREAKING: Fresh Blow for Nnamdi Kanu as High Court Rejects IPOB Leader’s Fresh Bail Request

A federal high court has dismissed two applications by the detained leader of the controversial Indigenous People of Biafra (IPOB), Nnamdi Kanu. TheTalk.NG reports that in one of the applications, Kanu sought to be granted bail following his yearslong incarceration The Biafra agitator also requested to be transferred from the custody of the DSS, where … Continue reading here ▶

President Tinubu Condoles with Iran Over the Passing of President Raisi

Nigerian president, Bola Ahmed Tinubu, has commiserated with Iran over the passing of its President, Ebrahim Raisi, on Monday The Iranian president died in a helicopter crash while travelling from an inauguration event of a project The government blamed the tragic incident on bad weather which forced the chopper to hard landed President Bola Tinubu … Continue reading here ▶

BREAKING: Nigeria’s Ex-Minister Afonja Is Dead, Details Emerge

A former Minister of Labour and Productivity under the Interim National Government, Prince Ajibola Afonja is dead. Afonja who served as a minister under the short-lived interim administration of late Chief Ernest Shonekan, died on Sunday night at the University College Hospital (UCH), in Ibadan, the Oyo State capital. The former Chairman of First Bank … Continue reading here ▶

“Get Serious”: NLC Rejects FG’s N100,000 New Minimum Wage Offer, Gives Reason

Organised labour is furious over the federal government’s offer of N48,000 as the new minimum wage for Nigerian workers The NLC and the TUC have maintained that they will also not accept N100,000 offer from the government as minimum wage Ahead of the negotiation meeting slated for Tuesday with the federal government, organised labour, insisted … Continue reading here ▶

Emotional Photos as Peter Obi Visits Victims of Kano Mosque Attack

11 people have reportedly lost their lives in the recent explosion that rocked a mosque in Kano state Kano police confirmed that 13 more victims were receiving treatment at the Murtala Muhammad Specialists Hospital On Sunday, May 19, Peter Obi visited the hospital where some of the victims of the Kano mosque arson are receiving … Continue reading here ▶