President Yemi Osinbajo are doubly ominous,
THE Nigerian Electricity Regulatory Commission hit consumers below the belt yet again last week when it announced impending increases in electricity tariffs without addressing the fundamental structural problems in the sector. It is the latest episode in the unending servitude of the government to the second rate investors that took controlling interests in usatimes.cc the privatised power assets at the expense of the economy. Will the Muhammadu Buhari administration also betray the people’s trust by caving in to narrow vested interests? Sam Amadi, the Chairman of NERC, whose loyalty appears to be with the under-performing power distribution com usanews.cc panies rather than the Nigerian people, was in his voluble element when announcing the impending increases. As he told Bloomberg, the tariffs will range from five per cent to 40 per cent, though proposals by the DisCos range from 32 per cent to as high as 83 per cent for commercial consumers. The report was silent on the