Ibadan electricity consumers reject tariff increase

Here's a summary of the article:

Ibadan Electricity Consumers Reject Tariff Increase

Consumers of electricity in Ibadan, the capital city of Oyo State, have rejected the recent tariff increase by the Nigerian Electricity Regulatory Commission (NERC). The increase, which took effect from January 1, 2023, has been met with widespread protests and complaints from residents.

According to reports, the tariff increase ranges from 20% to 50% for different categories of consumers, with the highest increase affecting commercial and industrial customers. The new tariffs are said to be higher than the previous rates, which were already considered high by many consumers.

The Ibadan Electricity Distribution Company (IBEDC), which is responsible for distributing electricity to the city, has attributed the increase to the rising cost of fuel and other operational expenses. However, many consumers have expressed outrage and frustration at the sudden hike, which they claim will further exacerbate the already high cost of living in the city.

Protests and demonstrations have been held in various parts of the city, with consumers calling on the government and NERC to reverse the tariff increase. Some residents have also threatened to boycott payment of their electricity bills until the issue is resolved.

The Ibadan Electricity Consumers Association has also condemned the tariff increase, describing it as "unjust and unacceptable." The association has called on NERC to review the new tariffs and ensure that they are fair and reasonable.

The controversy over the tariff increase has sparked a wider debate about the need for a more sustainable and affordable electricity sector in Nigeria. Many consumers are calling for a review of the sector's business model and a more transparent and accountable approach to tariff setting.

In the meantime, the IBEDC has announced that it will continue to implement the new tariffs, despite the protests and complaints from consumers. However, the company has promised to work with NERC to address the concerns of consumers and ensure a more sustainable and affordable electricity sector.