The consumers vented their anger during a public hearing facilitated on the proposed electricity tariff hike by the company. They threatened a mass action, should the proposal to increase the electricity billing succeed.
According to Ijose, the challenges in the sector include the purchase of energy, which was pegged at N9.7 since 2015; loss of N38.9bn in 2019; need to repay loan borrowed from the Central Bank of Nigeria; shortfall in collection of tariff running into N81bn and stealing of energy, among others.He proposed a new tariff of over N31. Reacting, Mr Ololade Hamzat Adebimpe from Oyo Parapo argued there was no need for tariff increase; rather, IBEDC should supply prepaid metres and block all revenue loopholes.
