The Federal Government has said that Nigerians must pay
higher tariffs on electricity.
Speaking at the Presidential Villa in Abuja on Monday at the
6th Presidential Quarterly Business Forum for Private Sector Stakeholders, Vice
President Yemi Osinbajo described payment of higher tariffs as inevitable.
He said: "Listening to questions concerning lower
tariffs, we must pay higher tariffs, these sorts of things are inevitable. What
we are trying to do is not increase tariffs for now, but how we can ensure we
clean up the entire value chain. I’m sure you are aware of the Payment
Assurance Guarantee which we put in place for over N700billion to ensure gas is
paid for and for liquidity in the whole value chain.
Mtchew!
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