Excerpt the Federal Government moves swiftly to broker an accord soon, the National Electricity Regulatory Agency (NERC) and Nigeria’s organised labour unions, the Manufacturers Association of Nigeria (MAN) and other aggrieved stakeholders may likely plunge the nation into a major crisis over the new energy price hike introduced early this month.
The Nigeria Labour Congress (NLC) has in response to the February 1, implementation of the tariff threatened to ground the country should the NERC, the power generating companies (GENCOS) and distribution companies (DISCOS) go ahead with its policy, which raised electricity bill by 45 per cent. Part of the grounds for labour’s opposition to the increase is that there has not been any significant improvement in service delivery by the generation and transmission companies since they took over Nigeria’s power infrastructure even with huge Federal Government support. Already, the Organised Labour and the Manufacturers Association of Nigeria (MAN) in a swift reaction to the increase, have vowed to cripple the nation’s economy arguing that NERC seeks to prey on helpless Nigerians. With labour’s blanket threat, there seem to be mounting tension in the polity as many of its affiliates including Civil Society Groups are mobilising for a nationwide mass protest.
 

Read more at Daily Sun

Elsewhere on Ventures

Triangle arrow