Igbokwe urged President Bola Tinubu to revisit the policy, so that Nigerians can return to using their electrical appliances.
By Kehinde Okeowo
All Progressives Congress (APC) chieftain, Joe Igbokwe, has asserted that electricity companies will make more profit if they migrate customers from Band A to Band B.
He made this known recently in a post he shared on his official Facebook page.
The Nigerian Electricity Regulatory Commission in April 2024 approved a 300 per cent increase in the electricity tariff for Band A.
Following the enforcement on April 1, 2024, power Distribution Companies (DisCos) raised electricity prices for urban consumers to N225 ($0.15) per kilowatt-hour from N68.
However, the decision did not sit well with customers, who have consistently called for the rehearsal.
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Speaking on the impact of the tariff increment, Igbokwe said he and some other customers on Band A now switch off Air Conditioners, fridges and other appliances due to high cost.
He urged President Bola Tinubu to revisit the policy, so that customers can return to using their electrical appliances.
He added that DisCos will become more profitable if they reverse to Band B.
He wrote, “I pray that PBAT will revisit the Electricity B and A matter.
“I do not think Distribution Companies are making the money they expected because we are switching off ACs, fridges, lights. Take all to Band B, make more money.”
