• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News Business

NLC, TUC shut down Ikeja Electric head office, call for reversal of electricity tariff hike 

Aghogho Udi by Aghogho Udi
May 13, 2024
in Business
NLC, TUC shut down Ikeja Electric head office, call for reversal of electricity tariff hike 
Share on FacebookShare on TwitterShare on Linkedin

Members and leaders of the Nigerian Labour Congress (NLC), Trade Union Congress (TUC) and other affiliate labour unions in Lagos state are currently picketing the head office of Ikeja Electric today.

The action led to the shutdown of the company’s premises to any activities.  

The reason for the industrial action according to members and leaders of the various labour unions present is the recent hike in electricity tariff by the Nigerian Electricity Regulatory Commission (NERC) which is being implemented by electricity distribution companies across the country.  

MoreStories

Trump orders “powerful and deadly” US. strike on ISIS camp in Northwest Nigeria

Trump orders “powerful and deadly” US. strike on ISIS camp in Northwest Nigeria

December 26, 2025
LIRS seals Shoprite outlet in Lekki over tax non-compliance 

LIRS seals Shoprite outlet in Lekki over tax non-compliance 

November 12, 2025

Speaking on the development, a labour leader, Francis Igbokwe from the Railway Workers Union stated that the reason for the protest was the over 200% hike in electricity tariff and further called on the relevant authorities to reverse the hike.  

According to him, the classification of places according to bands is discriminatory and meant to divide Nigerians on the need to oppose the policy in unison.  

He stated, “We are calling for a reversal of the increase in electricity tariff to the old tariff. That is what is manageable even though the power supply is not as promised.”  

“The Band A, B and so on is used to discriminate. They don’t give anybody light in Nigeria that is the issue. They are using this to divide and rule so that you will say you are Band A, you will not join the struggle against what they are doing”  

Nigerians’ income too low to support electricity tariff hike 

Nairametrics was also informed that other members and leaders of the various Labour unions involved in the industrial action were carrying out similar activity at the office of the Nigerian Electricity Regulatory Commission (NERC) in Lagos.  

Also, Francis Adeoye, a member of the Nigeria Union of Electricity Employees (NUEE) lamented that no average Nigerian afford the current system of discriminatory electricity tariffs. He explained that the income of the average Nigerian is too low to afford an over 200% hike in electricity tariff.  

Backstory  

Earlier on Friday, Nairametrics reported that the National Labour Congress (NLC) ordered its members across the country to picket the offices of the Nigerian Electricity Regulatory Commission (NERC) and the power distribution companies (DisCos) on Monday (today) 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. 
  • Uyot noted that this is in sync with the directive of the Central Working Committee (CWC) of the union. 

What you should know  

In April, Nairametrics reported that 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. 
  • However, the commission last week confirmed the approval of an 8.1% electricity tariff rate cut for customers under the 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. 

Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Electricity tariffIkeja ElectricNERCNLCTUC
Aghogho Udi

Aghogho Udi

My name is Aghogho Udi, a writer, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader African context. My focus lies in shedding light on the intricate connections between macroeconomics and politics, offering valuable insights that foster comprehension of Africa's prevailing economic landscape and the world in general.

Next Post
Access Bank

Access Bank Sierra Leone appoints Maurice Cole as Chairman, 4 other non-executive directors

Leave a Reply Cancel reply

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

rabafast

nairametrics




DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 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
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics