Osinbajo listed the following as major cause of increasing the electricity tariff in Nigeria:
- Shortage in gas supply and drop in power generation
- Generation companies’ inability to supply power to consumers was as a result of short supply in gas and the drop in power occasioned by lost in line of transmission.
- Generation Companies, GENCOs invariably requires increase in electricity tariff to enable them meet demand for power.
- There is no way the GENCOs can supply enough power to consumers without generating enough fund to drive the necessary processes that will bring about adequate power generation and supply.
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