Electricity Tariff Hike: Most Varsities’ll Become Bankrupt — UNIBEN VC

Salami, who doubles as the chairman of Committee of Vice-Chancellors of Nigerian Universities (CVCNU), said the new tariff announced by the regulator, Nigerian Electricity Regulatory Commission (NERC), has particularly increased UNIBEN’s monthly bill from N80million, which it was finding difficult to pay, to N280million per month.

Recall that the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) as well as some other stakeholders had opposed the tariff hike, arguing that this would drive manufacturers out of business, worsen inflation, and stifle small and medium enterprises.

Speaking with journalists over the weekend, Prof. Salami said the University has been painfully disconnected from the national grid because it could not afford to pay about N300 million monthly for electricity alone.