Business groups in Abuja on Friday protested the hike in electricity tariff by the Abuja Electricity Distribution Company.
The groups, under the name Co-operative Business Societies of Abuja, in a protest letter signed by its Coordinator, Mrs Maricel Romero, said that the increase would ruin business in the city.
The letter appealed to the National Electricity Regulatory (NERC) Commission and the Federal Ministry of Power to intervene in the interest of the public.
“We are objecting to the sudden 58 per cent increase on the kilowatt rate from N22.08 to N35.03 for commercial power consumers in the FCT.”
“According to the Multi-Year Tariff Order guideline of the National Electricity Regulatory Commission, the maximum stipulated increase for 2015 is five per cent.”
“We are shaken by this blatant disregard of the commission’s guidelines and a total lack of interest in the wellbeing of businesses operating in the territory,” the letter stated.
It said that many businesses had collapsed under the weight of the ever increasing cost of operating and harsh economic status.
“We are already struggling to keep our head above water as a business with the austere economic situation in the country at the moment.”
“This increase will run our businesses down and have a negative impact on our stakeholders and by extension on the growth of Abuja.”
“This is a protest and a passionate appeal to the NERC, the Federal Ministry of Power and all other concerned citizens to intervene in the interest of the general public.