Manufacturers reject monthly review of electricity tariff

The Kwara Branch of the Manufacturers Association of Nigeria has kicked against the monthly review of electricity tariff by distributing companies.

The Executive Secretary of the association, Mr. Gbenga Johnson, told the News Agency of Nigeria in Ilorin on Thursday that many consumers are not getting value for money.

“We have been experiencing epileptic power supply and Ibadan Electricity Distribution Company has continued to charge us on a monthly basis without consideration for the volume of watts being consumed by individual companies.

“All stakeholders must come together and speak against this excessive exploitation of manufacturers and other industries by the discos because this is crippling our businesses.

“The issue of constant power supply should be given optimum priority among other factors such as multiple taxation,” he said.

He also called on government at all levels to take necessary steps in stabilising the economy through tax waiver policies to industries. (punch)