Independence anniversary: Coalition worries over proposed electricity subsidy removal

The Osun Civil Societies Coalition, OCSC, has expressed concern over the proposed phase-out of electricity subsidy from 2027, arguing that reliable electricity should also be affordable to ordinary Nigerians.

The OCSC said removing the subsidy could place additional pressure on households, workers, traders, farmers, artisans and businesses already facing increased costs of food, transportation, housing and business operations.

The coalition made the call in its Independence Day statement marking Nigeria’s 66th Independence Anniversary on Thursday, which was signed by its Chairman, Waheed Lawal.

According to the coalition, “any substantial increase in electricity tariffs could raise production costs, reduce disposable income and place additional pressure on small and medium-sized businesses.”

The group therefore urged the Federal Government to address structural challenges in the electricity sector, including technical and commercial losses, electricity theft, inadequate infrastructure, insufficient metering, estimated billing, revenue leakages and collection difficulties.

The OCSC also called for greater transparency over the financial basis of the proposed subsidy phase-out, saying Nigerians should have access to information on the annual cost of the subsidy, projected savings and expected effects on electricity tariffs.

The coalition urged the government to disclose the likely impact of the policy on households, farmers, manufacturers and traders, as well as measures being introduced to protect vulnerable electricity consumers.

“Nigerians deserve a country where political freedom is matched by economic opportunity, affordable essential services, decent livelihoods and a standard of living that reflects the dignity of every citizen. Nigeria deserves reliable, sustainable and affordable electricity,” the coalition said.

It also called on the Federal Government to sustain recent improvements in electricity supply while ensuring that power remains affordable for ordinary Nigerians.

The OCSC said Nigeria’s independence should mean more than political freedom, stressing that it should translate into economic dignity, social development, improved living conditions and access to essential services.

The coalition acknowledged what it described as reported improvements in electricity supply in Osun State and other parts of the country, commending the Federal Government and Minister of Power, Chief Joseph Olasunkanmi Tegbe.

“We recognise the efforts of the Federal Government and the Honourable Minister of Power, Chief Joseph Olasunkanmi Tegbe, and urge the government to sustain and consolidate these improvements,” the statement said.