• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

NLC to picket NERC, DisCos’ offices nationwide on Monday over electricity tariff increase

Cyrus Ademola by Cyrus Ademola
May 9, 2024
in Energy, Sectors
NLC, TARIFF
Share on FacebookShare on TwitterShare on Linkedin

The National Labour Congress (NLC) has instructed its members across the country to picket the offices of the Nigerian Electricity Regulatory Commission (NERC) and the power distribution companies (DisCos) on Monday due to the recent hike in electricity tariffs for Band A customers.

In a letter dated May 7 and signed by the general secretary of the union, Chris Uyot, NLC directed all its state councils in the country to stage protests in the following offices.

According to the statement, the nationwide protest is slated for Monday, May 13, 2024.

RelatedStories

NERC's new meter pricing sparks divergent opinions among industry and consumers 

Enugu slashes electricity tariff for Band A customers to N160/kWh, effective August 1 

July 21, 2025
Borno Govt halts fuel sales in Bama, Banki to cut off supplies to insurgents 

Borno Governor Zulum orders immediate implementation of N70,000 minimum wage for council workers 

July 20, 2025

Uyot noted that this is in sync with the directive of the Central Working Committee (CWC) of the union.

“In line with the directive of the Central Working Committee (CWC) meeting held on 30th April 2024, I have been directed to inform you to commence preparation to picket the Nigerian Electricity Regulatory Commission (NERC) and Disco offices in your state.

“The nationwide picketing is slated for Monday, 13th May 2024.

“While we look forward to a successful action, kindly accept our goodwill and highest regards,” the letter stated.

Backstory

In April, Nairametrics reported that the federal government, through the Nigerian Electricity Regulatory Commission (NERC), approved a hike in the electricity rates for consumers categorized under Band A.

This is contained in a press statement by the Vice Chairman of NERC Musliu Oseni.

Oseni, the Vice Chairman of NERC, stated that the tariff hike would result in customers paying N225 per kilowatt hour, up from the existing N66.

He mentioned that these customers account for 15% of the 12 million electricity consumers in the nation.

  • However, on Monday, the commission confirmed the approval of an 8.1% electricity tariff rate cut for customers under Band A category for all power distribution companies in the country (DisCos).
  • The tariff cut from 225/kWh to 206.8/kWh, which represents approximately an 8.1% reduction, is attributed to the relative appreciation of the Naira in the official foreign exchange window.
  • NERC said that the revision of the 2024 MYTO for Band A customers led to a reduction in tariffs for all discos.
Recommended reading: Naira appreciation: NERC approves 8.1% electricity tariff cut for Band A customers for all DisCos 

Public outcry over tariff

Meanwhile, since the announcement of the increase in electricity tariff, there have been public outrage from different quarters across the country.

For instance, Human rights lawyer, Femi Falana, passed a vote of ‘no confidence’ in the Federal Government, saying that the Minister of Power, Adebayo Adelabu, has failed Nigerians.

The rights activist also claimed that the move is a policy imposed on the Nigerian government by the International Monetary Funds and the World Bank.

In addition, the Minority Caucus in the House of Representatives labeled the increase in electricity tariffs by the Nigerian Electricity Regulatory Commission (NERC) as insensitive, inhuman, and absolutely unnecessary.

The minority leader of the House of Representatives, Rep. Kingsley Chinda, expressed these sentiments in a statement issued in Abuja.

He pointed out that the population is dealing with rapid inflation, escalating unemployment, and insufficient access to essential services.

On his part, however,  Adelabu explained that the action would not affect everyone using electricity as only Band A customers who get about 20 hours of electricity are affected by the hike.

He also said the increase was necessary to attract the overdue investment in the electricity sector.

Recommended reading:  FG plans for almost 300% increase in electricity tariffs soon

Follow us for Breaking News and Market Intelligence.
Tags: Band A customersDISCOSElectricity tariffsNERCNLC
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

Related Posts

NERC's new meter pricing sparks divergent opinions among industry and consumers 
Energy

Enugu slashes electricity tariff for Band A customers to N160/kWh, effective August 1 

July 21, 2025
Borno Govt halts fuel sales in Bama, Banki to cut off supplies to insurgents 
Business News

Borno Governor Zulum orders immediate implementation of N70,000 minimum wage for council workers 

July 20, 2025
Minimum Wage
Business News

NLC orders indefinite strike in Ogun over contributory pension, minimum wage concerns 

July 15, 2025
NERC adopts new tariff tool for mini-grid regulation  
Energy

EKEDC, IKEDC, AEDC top remittance chart as DisCos pay N1.18 trillion in 2024 – NERC 

July 14, 2025
Discos
Energy

DisCos overall billing efficiency falls to 81% in Q1 2025 – NERC 

July 4, 2025
Why Nigeria May Never Enjoy 24/7 Power in Our Lifetime – Odion Omonfoman on Talknomics
Digital Media

Why Nigeria May Never Enjoy 24/7 Power in Our Lifetime – Odion Omonfoman on Talknomics

June 27, 2025
Next Post
Paul Arkwright, Airtel board

Former UK high commissioner to Nigeria, Paul Arkwright appointed to Airtel board

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Meet 10 Nigerian women driving fintech innovation in 2025 
  • TINUBUNOMICS: Nigerian stocks are experiencing their best run under any President since 1999 
  • FG orders 30-day repair of damaged Keffi flyover, directs CGC to begin beam replacement 

Follow us on social media:

Recent News

Meet 10 Nigerian women driving fintech innovation in 2025 

Meet 10 Nigerian women driving fintech innovation in 2025 

July 21, 2025
AAM2025: Tinubu calls for PAPSS payment system embracement across Africa for financial integration 

TINUBUNOMICS: Nigerian stocks are experiencing their best run under any President since 1999 

July 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics