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Home Business & Finance

Manufacturers Association of Nigeria (MAN) Urges Review of Electricity Tariff Hike

Nnaemeka OkwarabyNnaemeka Okwara
October 16, 2024
in Business & Finance
0
Manufacturers Association of Nigeria (MAN) Urges Review of Electricity Tariff Hike
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The Manufacturers Association of Nigeria (MAN) has reiterated its call for a lower electricity price  that was recently increased and approved by the Nigerian Electricity Regulatory Commission (NERC) for distribution companies (DisCos). The 250% increase is worrying for manufacturers.

At a media event before their 2024 annual meeting, MAN’s Director General, Segun Ajayi-Kadir, said that the price increase is too much for manufacturers to handle. He pointed out that the federal government gave a 50% discount to universities and hospitals, showing that the increase is too high.

Ajayi-Kadir said, “NERC and DisCos made a mistake by increasing the price by 250%, which no manufacturer can handle.

The government’s discount for universities and hospitals shows that manufacturers should also get some help, since they create many jobs, pay a lot of taxes, and help with exports.”

Tags: electricityfederal characterhikeManufacturers Association of Nigeria (MAN) Urges Review of Electricity Tariff HikeNewsNigeriaTariff
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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