The decision to stop the electricity tariff hike was made known by the Minister of Power, Adebayo Adelabu, on November 8. Adelabu revealed that President Tinubu insisted on suspending the tariff increase and advocated for the payment of subsidies on nationwide power consumption.
Oyintiloye highlighted that the president's decision demonstrated his responsiveness to the feelings and aspirations of Nigerians. He pointed out that the Nigerian Electricity Regulatory Commission's quarterly report revealed a substantial increase in the federal government's subsidy in the power sector, reaching N135.2 billion in the second quarter of 2023, compared to the N36 billion in the first quarter.
The APC chieftain argued that removing the electricity subsidy, especially while Nigerians were still grappling with the consequences of fuel subsidy removal, would have been counterproductive. Oyintiloye applauded President Tinubu for his consideration of the economic challenges faced by the citizens, including exchange rate fluctuations and inflation.
He further commended the president for ensuring free and fair elections in Kogi, Imo, and Bayelsa states, attributing the results to Tinubu's integrity. Oyintiloye celebrated the re-election of Gov. Hope Uzodimma of Imo, Douye Diri of Bayelsa, and the newly elected Kogi governor, Usman Ododo, as evidence of Nigerians' strong belief in the neutrality of the APC government.
In conclusion, Oyintiloye encouraged Nigerians to support the government's "Renewed Hope Agenda," expressing optimism that the country would overcome its current challenges under the present administration.
0 Comments