Power Generation Firms Demand Increase in Electricity Tariff

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Power generation companies are insisting that the Federal Government must increase electricity tariff.

The Vice Chairman, Mainstream Energy Solution, Ismaila Funtua, disclosed this in an interview with State House correspondents on the sidelines of the Quarterly Presidential Business Forum held at the the Presidential Villa.

Funtua said the representatives of the GENCOs have asked for a meeting with the Acting President, Yemi Osinbajo together with the Minister of Finance, CBN governor and Minister of Power to sort out issues that are serving as impediments to their business.

He said, “Whether government like it or not, they have to review the tariff of power in this country.

“All those playing politics with it that they do not want to increase, people do not want to hear of this.

“This is my cell phone, you pay for it even before you make use of it and nobody is controlling their tariff.

“They charge what they want and all of us we have at least one cellphone, therefore government needs to do the needful.

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