Hike in electricity will worsen misery for Nigerians – ICAN warns Tinubu

The Institution of Chartered Accountants of Nigeria has warned that a hike in electricity tariff would further worsen the misery of Nigerians, especially Small and Medium Enterprises.

Dr Innocent Okwuosa, the president of ICAN, made this known in a recent statement.

The Nigerian Electricity Regulatory Commission, NERC, had said eleven electricity distribution companies had written a letter to the government requesting tariff reviews.

Innocent Okwuosa said any move to increase electricity tariff, will hurt businesses and Nigerians directly.

He advised President Bola Ahmed Tinubu’s federal government to stall any proposal to hike electricity tariff because Nigerians are still grappling with fuel price increments, forex challenges and many economic woes.

The Senate and House of Assembly had called on NERC to suspend any plans to hike electricity tariffs.