Manufacturers, Labour Unions Reject Proposed 65% Electricity Tariff Hike
The Manufacturers Association of Nigeria (MAN) and Trade Union Congress (TUC) have rejected the proposed electricity tariff hike, arguing that the move is inimical to the competitiveness of locally made products and businesses.
MAN said incessant increase in electricity tariff is hindering the sector’s performance and the growth of the economy, as it will further exacerbate the impact of high cost of production and worsen the current inflationary pressure in the country.
Its Director-General Segun Ajayi-Kadir, in a statement, said this will aggravate the pressure on the disposable income of the average Nigerian, increase the unsold inventory of manufacturers, erode their profit margin, increase unemployment rate and lead to closure of more private businesses.
TUC in a communique issued at the end of its first quarter of 2025 National Administrative Council (NAC) meeting in Abuja, strongly condemn the move.
TUC President, Mr Festus Osifo, said: “It is alarming that the government is considering this hike when the previous increment has already inflicted severe hardship on citizens.
Rather than increase tariff, MAN advised that government should instead commission a review of the performance of the Electricity Distribution Companies (DisCos) after the last unwarranted increase.
MAN said government should conduct a study on the impact of the increase on the manufacturing sector in particular, and businesses and households in general.
