Nigeria: Unions Protest Electricity Price Rise, Cost-of-Living Crisis Worsens | Firstpost Africa

Nigeria: Unions Protest Electricity Price Rise, Cost-of-Living Crisis Worsens | Firstpost Africa

Labour unions in Nigeria are protesting recent increases in electricity prices following the removal of subsidies by the West African government. The unions are demanding authorities to counteract the recent increases which has worsened the country’s cost of living crisis. Moreover, Nigerians are frustrated that the country’s erratic power supply has not improved despite the rise in tariffs. In April, the Nigerian Electricity Regulatory Commission cut electricity subsidies to ease the pressure on its finances raising prices for about 15% of the consumers. The price increases are President Bola Tinubu’s latest effort to cut the government's cost amid declining revenue due to dwindling investments and chronic oil theft.

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[abhisheksing]

A lower fertility rate could be of some help.

[gbakasefanu]

If you want to produce with diesel no subsidy and the cost is high, if you want to produce with electricity then is increase tarrif! Anyway you go production cost is high and things most high!
No subsidy, three times deviation of the naira, increase electricity and other tarrifs, increase taxes and duties all sum to punishment and deliberate hardship!

[zephaniarutlokwana]

Next you hear how rich Tinibu is. Same set of facts with Ramaphosa of RSA . Collapsing state entities to promote privatization and the very politicians getting share from private companies who took over on privatization