By Akoma Chinweoke
The Chairman,OTL Africa Downstream, Mr. Emeka Akabogu, has appealed to Nigerians to view the issue of the electricity tariff hike objectively.
Speaking with Sunday Vanguard on the raging issue, Akabogu noted that the hike makes absolute sense.
“Availability of electricity has been probably the most intractable problem the country has faced. There is limited availability of electricity, so the use of the limited amount available has to be maximised. At the same time the available electricity needs to be increased through deliberate investment in the crucial areas of generation, transmission and distribution. Pricing is an excellently effective means of achieving these twin imperative”, he stated.
According to him, paying more for electricity increases earning capacity of operators and the possibility of enabling their increased investment and also ensures that users of electricity are more circumspect in their use, thereby making surplus available for even more people. More importantly, he added, that such appropriate pricing encourages investment in the sector as it assures returns on investment.