Power generation companies in the country have insisted that the Federal Government must increase electricity tariff.
The Vice Chairman, Mainstream Energy Solution, Ismaila Funtua, made the demand in an interview with State House correspondents on the sidelines of the Quarterly Presidential Business Forum held at the Presidential Villa.
Funtua said the representatives of the Gencos had asked for a meeting with the Acting President, Yemi Osinbajo, and the Minister of Finance, Central Bank of Nigeria Governor and the Minister of Power, Works and Housing to sort out issues that were serving as impediments to their business.
He stated, “Whether the government likes it or not, they have to review the tariff of power in this country. All those playing politics with it that they do not want to increase, people do not want to hear of this.
“This is my cell phone, you pay for it even before you make use of it and nobody is controlling their tariff. They charge what they want and all of us we have at least one cell phone, therefore government needs to do the needful.
“If the government wants power, then they cannot continue subsidising for people. You were there when the Minister of Power was saying that people who have ability to pay will pay, but those government needs to subsidise will be subsidised for.”
He added, “Many people are talking about the review of the privatisation of power without knowing where we started from, where we are today, are we owed money or are we not owed money?
“These monies, some of them belong to the banks, some of them belong to us, where are we today? That is why we cannot discuss with the Acting President here in this assembly, we asked for a private meeting where serious decisions can be taken.”
While describing power as very important to economic development of any nation, Funtua said Nigeria could not afford to continue with the present arrangement.
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