
The President of the Manufacturers Association of Nigeria (MAN), Dr. Frank Jacobs, has kicked against the planned increase in electricity tariffs.
It said that the reasons given by electricity distribution companies and the Nigerian Electricity Regulatory Commission (NERC) for such action are insufficient.
Amadi said that efforts to boost power supply have been hampered by factors, including gas supply, foreign exchange shortage and inflation that have increased the cost of energy and infrastructure for the power companies.
The MAN President said that the reasons given were not sufficient for the tariff increase in the magnitude being contemplated by NERC and the Discos even as he said that NERC and the Discos were simply looking for ready-made excuses to increase tariffs. [myad]