Organised Labour yesterday cautioned the Federal Government against planned hike in electricity tariffs, saying it will increase the burden on Nigerians.
Nigeria Labour Congress (NLC) said with the removal of petrol subsidy and the unification of Naira exchange rates, many Nigerians are reeling under financial pressure.
An official of the Nigeria Electricity Regulatory Commission (NERC) confirmed that a review of Multi- Year Tariff Order (MYTO) is ongoing and will be implemented from July 1.
The senior official from the NERC said: “The commission is mandated to review the tariff twice in a year. It is statutory. Until the outcome, which one cannot presume, I cannot say it will be an upward or downward review as it could go either way,” she said.
The major determinants of the review are mostly inflation rate, Naira/Dollar exchange rate, and the price of gas.
