Abuja - Power distribution companies have urged consumers to remain calm as the electricity tariff will be reduced as soon as power generation increases.
The announcement was made following the decision by labour unions to stage protests in different parts of the country against the hike in electricity tariffs today.
The firms in a statement issued by the Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors, Sunday Oduntan, said the power firms should not be blamed for the increase of tariff.
Also read: Electricity firms beg unions to shelve protest against tariff hike
He explained that the recent increase in power generation to over 5 000 megawatts and a continuous rise in generated electricity would lead to more investments and reduced tariffs, stressing that a revived power sector would hurt some businesses that depended on a moribund industry to thrive.
The Nigeria Labour Congress, Trade Union Congress and other affiliate unions are currently protesting against recent increase in electricity tariff across the country.
- News 24