Electricity, Petrol Price Hike Will Benefit Nigerians In The Long Run — Lai Mohammed

Minister of Information, Alhaji Lai Mohammed says the recent increase in electricity tariff and petrol pump price will benefit ordinary Nigerians in the long-run.

He made the remarks while meeting with online publishers in Lagos on Saturday.

Mohammed also appealed to the Nigeria Labour Congress, NLC to shelve its industrial action planned for Monday, September 28, 2020.

“Ordinary citizens are not the beneficiaries of the subsidy on petroleum products that has lasted for years,” the Minister said, adding that the government can no longer afford the cost of the subsidy.

The minister making a case for Nigeria’s favourable situation, said that despite the increase, Nigerians still pay less for fuel, compared to neighbouring countries.

On electricity, he said the hike will lead to increased quality in the supply of power, noting that the government cannot sustain its subsidy to the sector.

“We thank Nigerians for their understanding, and wish to appeal to them to please bear with the government,” he said.