Ogun Gov. backs electricity tariff, fuel price hikes

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The Governor of Ogun State, Dapo Abiodun has thrown his weight behind the hike in both electricity tariff and fuel price.

The increase in the tariff of electricity and fuel pump price have sparked outrage from most consumers and also received pushback from the Peoples Democratic Party, PDP, and its Presidential candidate in the 2019 election, Alhaji Atiku Abubakar.

In contrast, Abiodun hailed the developments saying it was due to market forces in an interview he had with State House correspondents after he met with the President on Thursday at the Presidential Villa, Abuja.

“First, you want to enjoy lower prices when the prices of crude are low and then not want to pay for a slight increase when there is an increase in price of crude.

“The price of crude is directly proportional to the price of refined products. So, I believe that is what is happening at the moment,” he said.

On electricity tariff, the governor opined: “We all complain that we are not generating enough electricity and we all complain about the fact that we don’t have the right infrastructure to transmit electricity, we complain about the fact that the distribution companies do not seem to be efficient.

“The problem is because, perhaps, the pricing is not right. If you want people to invest in production of gas, in gas floatation, which our turbines and our power plants rely on, we must ensure that the entire value chain is profitable.”

 

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