The Senator representing Osun Central, Olubiyi Fadeyi, has disclosed that he spends the sum of one million naira each on electricity and diesel monthly.
Fadeyi disclosed this on Monday, April 29, at the investigative hearing on the “need to halt the proposed increase in electricity tariff” in Abuja.
He said that the moving of customers to Band A was not justified as customers were not getting enough electricity supply.
Recall that the Nigerian Electricity Regulatory Commission had approved an increase of 340% in electricity tariff for customers under the Band A classification.
According to the NERC’s Vice Chairman, Musliu Oseni, Band A, customers will begin to pay N225 kilowatt per hour from the current N66. Band A customers are those who enjoy 20 hours of electricity supply daily and they make up 15 per cent of the 12 million electricity customers in Nigeria.
The NERC Vice Chairman however clarified that the review would not affect customers on the other bands.
Earlier, the Minister of Power, Adebayo Adelabu, in trying to justify the increase in the price of electricity said Nigerians who were moved to Band A now spend less money on the purchase of diesel and petrol to fuel their generator.
Reacting, Fadeyi said this is not the case and he still spends so much on electricity and on diesel.
Fadeyi said, “I spend N1m on electricity and another N1m on diesel. This is excluding how much I spend on my businesses.
“If the electricity was good, I wouldn’t spend that much on fueling my generator.”
Fadeyi added that the NERC should put more effort into performing its regulatory role to allow for effectiveness.
Last updated: Just Now
See All Latest Nigerian Music Right Now!!!
Share On:
Top 10 Hottest Songs
Gospel Music Moses Bliss – Miracle No Dey Tire Jesus II ft. Pelumi Deborah
Nigerian / African Music OG Abbah – Hausapiano
Nigerian / African Music OG Abbah – Asalamaleku ft. Ice Prince
Nigerian / African Music OG Abbah – Wayyo Dadi
Nigerian / African Music OG Abbah – Lalakukulala ft. DJ Neptune, Flexbee
Nigerian / African Music OG Abbah – Wayyo Allah Na II ft. Zerrydl, Magnito
Nigerian / African Music OG Abbah – Wayyo Allah Na III ft. Teee Dollar
Nigerian / African Music OG Abbah – Wayyo Allah Na
Nigerian / African Music Boy Muller – Letter To My Guys (Remix) ft. Mr Eazi
Nigerian / African Music 2Baba – Balling