The Peoples Redemption Party, PRP, has said the decision of the federal government to increase electricity tariff by 300 percent was not only insensitive but demonstrated a blatant disregard for the plight of the citizens.
The Acting National Publicity Secretary of the party, Muhammed Ishaq in a statement issued Wednesday said the policy would result in the power companies raising prices of electricity from N68 to N200 per kilowatt-hour.
The party said the drastic hike, coming on the heels of the removal of fuel subsidies and massive devaluation of the Naira, which have brought increases in costs of living and resultant hardship to the populace, was an unconscionable burden on the already struggling Nigerian populace.
The PRP, therefore, called on the government to reconsider this decision and prioritise the well-being of its citizens.
It also urged the authorities to explore alternative solutions that would not further exacerbate the suffering of Nigerians.
African investors accounted for 22.76% of Nigeria’s foreign capital inflows in Q3 2024.
The National Bureau of Statistics (NBS) has reported that African investors, excluding those from Nigeria, contributed 22.76% of the total...
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