In a significant development for Nigeria's energy sector, prominent industrial associations from the northern region have thrown their weight behind the recent 15% electricity tariff increase approved by the Nigerian Electricity Regulatory Commission (NERC).
Unified Support from Manufacturing Sector
The Arewa Economic Forum (AEF) and several northern chambers of commerce have jointly declared their support for the tariff adjustment, describing it as a necessary step toward achieving sustainable power supply across the country. This endorsement comes despite concerns about increased operational costs for manufacturers and households.
Long-term Vision Over Short-term Pain
Industrial leaders argue that while the immediate cost implications may be challenging, the long-term benefits of improved electricity infrastructure outweigh the temporary financial burden. "We cannot continue operating with unreliable power and expect our industries to compete globally," stated Alhaji Ibrahim Abdullahi, spokesperson for the northern industrial bloc.
Expected Benefits Include:
- Improved investment in power infrastructure
- More reliable electricity supply for industries
- Reduced dependence on expensive generators
- Enhanced competitiveness of Nigerian manufacturers
Addressing Consumer Concerns
The industrial groups have acknowledged the potential impact on ordinary consumers and small businesses. They've called for "phased implementation and targeted relief measures" for vulnerable sectors while maintaining that the tariff review is essential for attracting much-needed investment into Nigeria's power sector.
This unified stance from northern industrialists represents a crucial endorsement of the government's power sector reforms and could influence broader acceptance of the new tariff structure across other regions of Nigeria.
