Thursday, 22 October 2015

ELECTRICITY, TARIFFS SOAR

 As a matter of fact the life of most SMEs might depend on common flow of electric current for their daily living  but there is all indication that the   plans have been concluded to increase electricity tariffs by as much as 40 per cent for some customers next month  the reason being the  fall in the value of the naira and rising costs of production for making sure that there is an  end  to daily blackouts in the country.

According Dr. Sam Amadi, some tariffs will increase by five per cent, while others will see prices raised as much as 40 per cent, depending on the electricity distribution companies and class of customer, adding that the change in rates would take place mid-November, 2015. Gather wood for the rainy day.

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