Aareonakakanfo of Yorubaland, Iba Gani Adams, has said the 54 percent hike in electricity meter prices and the rise in the price of gas was capable of pushing Nigerians to the wall.
He bemoaned the sudden increase following last week’s announcement by the Nigerian Electricity Regulatory Commission (NERC) of a 32.8 percent and 21.7 percent increase in the cost of electricity meters.
NERC had also announced that there will be an increase in the price of a single-phase meter from the current cost of N44, 896.17 to a revised price of N58,661.69.
Adams, who said the mass of the people would be worst hit by the hike, viewed that the present situation in the country does not allow any increase in the prices of such important products.
He stated in a statement by his Special Assistant on Media, Kehinde Aderemi: “The sudden increase in the prices of electricity meter, as well as the prices of gas, could only worsen the present situation in the country. It is unfortunate that Nigerians are being reaped off in such a cruel manner, especially, by a government that prides itself as the government of the people.
“How can you explain a 54 percent increase in electricity meter prices without considering the huge effect on the mass of the people? That is very bad.”
Adams, however, urged the Federal Government to desist from embarking on policies that are of no interest to the people, insisting that the timing of the increase was wrong.