The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has cautioned the President Bola Tinubu-led government and Electricity Distribution Companies over the hike in tariff.

Ajaero, in a statement on Thursday, said the hike in electricity, especially for ‘Band A’, has put more companies out of business as well as created more difficulties for consumers.

The NLC demanded an immediate reversal of the hike, adding that the Government and DISCOs should stop killing the people and the economy.

The statement read, “The hike in tariff by DISCOs from N206.80 to N209.5 (with effect from July 1) for the so-called band ‘A’ customers represents the height of impunity and arrogance and will certainly put more companies out of business as well as create more difficulties for consumers.

“This increment has come in the heels of unresolved contestations around the insane 250% hike in tariff leading to national paralysis including the shutting down of 300 businesses as per MAN.

“The 250% hike drew the ire of the citizenry and rage of organised labour whose members went on a one-day protest for its unreasonableness and violation of extant rules of tariff hike.

“We had demanded a reversal. The only reason that action was paused was a firm assurance from relevant quarters, including the National Assembly, that the matter would be dealt with quietly.

“That there is another hike instead of a reversal (as promised) is further proof of the insincerity of government just as it is equally a measure of government’s insensitivity.

“We have no doubt that this frequent crass display of insincerity and insensitivity will pit the people against the government or vice versa.

“The three excuses given by DISCOs (exchange rate, interest rate and cost of gas) as justification for this increase underscore our argument that the government and entities in the energy sector are not serious about finding an enduring solution to our energy crisis. For, clearly, they are treating the symptoms.

“Given the further damage this latest wave of increase will do to our economy, we demand an immediate reversal of the hike.

“It is unjustifiable, unreasonable and malevolent. Government and DISCOs should stop killing the people and the economy.”