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Nigerians Unsettled Over Electricity Tariff Increase

POSTED ON June 20, 2023 •   Uncategorized      BY Akinbohun Samuel •   VIEWS 139

The first 22 days of President Bola Ahmed Tinubu's government have been "bitter-sweet" for many Nigerians.

His swift judgments, which have been praised by many as "bold," "decisive," and "correct," among other things, are not without the accompanying impacts that are dismal and trying for the typical Nigerian.

For instance, the cost of Premium Motor Spirit (PMS) has increased significantly since the fuel subsidy was eliminated. A Value Added Tax (VAT) on PMS has recently been the subject of rumors. Nigerians have been made even more uneasy by an electrical pricing increase anticipated for July 1.

Nigerians are currently coping with the hard economic realities brought on by the elimination of fuel subsidies when the development takes place.

Popular social media personalities Daniel Regha and Kelvin Odanz encapsulated the feelings of the majority of Nigerians.

"Fuel subsidies are gone, education subsidies are gone, and diesel now has a VAT that will raise its price and have an impact on the pricing of items on the market. The electricity subsidy is about to go off. All of these in a single month. too quickly. Far too much. Nigerians are in need. On Monday, Kelvin Odanz tweeted, "We are being choked.

Daniel Regha declared categorically that the people were not well-served by the current administration's policies.

"It shouldn't be news that Tinubu met with Dangote and Bill Gates in the presidential residence. What has this government done that benefits the general public? From eliminating fuel subsidies to allegedly preparing to raise power rates. It's never about us," he said on Monday on Twitter.

Nigerians are especially concerned about the rumored tax on PMS because they are afraid of more economic problems that might increase inflation.

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