Members of the Organized Private Sector in Nigeria (OPSN) have kicked against the suspension of the proposed hike in electricity tariff stating that any increase in tariff will reinforce the already high cost of doing business for the Private Sector and further depress productivity in the manufacturing sector.
Precisely, the operators stated that while electricity outages average about 10 hours per day, electricity expenses still constitute about 40% of the total cost of production and the average cost of self-generated electricity averages $313 million (N119 billion) in 2019…
More details through:
Leave a Reply.
News Archive from before July 2018