P
ProfRem
Guest
The Vice President in his key note address during the maiden edition of the National Forum on the economy, organised by Vintage Press publishers of The Nation Newspaper, themed: ‘ National Economy: The Way Forward’ yesterday, explained why electricity tariff increased.
Osinbajo listed the following as major cause of increasing the electricity tariff in Nigeria:
- Shortage in gas supply and drop in power generation
- Generation companies’ inability to supply power to consumers was as a result of short supply in gas and the drop in power occasioned by lost in line of transmission.
- Generation Companies, GENCOs invariably requires increase in electricity tariff to enable them meet demand for power.
- There is no way the GENCOs can supply enough power to consumers without generating enough fund to drive the necessary processes that will bring about adequate power generation and supply.
Osinbajo listed the following as major cause of increasing the electricity tariff in Nigeria:
- Shortage in gas supply and drop in power generation
- Generation companies’ inability to supply power to consumers was as a result of short supply in gas and the drop in power occasioned by lost in line of transmission.
- Generation Companies, GENCOs invariably requires increase in electricity tariff to enable them meet demand for power.
- There is no way the GENCOs can supply enough power to consumers without generating enough fund to drive the necessary processes that will bring about adequate power generation and supply.
