Saturday, February 27African Business News
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Tag: ATC&C

Hotels, companies may shut down over electricity tariff hike

Hotels, companies may shut down over electricity tariff hike

Energy
•Consumers reject increase in tariff as job losses loom Some civil society groups, hotel and tourism companies, yesterday, in Abuja, rejected the recent increase in electricity, saying there was no justification for the increase. They raised concerns over the implications of the actions as hoteliers and tourist companies feared closure of many hotels and businesses.The stakeholders stated this at a joint press conference by Network of Electricity Consumers Advocacy of Nigeria (NECAN), Nigerian Hotels Association (NHA), Federation of Tourism Associations of Nigeria (FTAN), Hotels Owners Forum Abuja (HOFA). In the face of dwindling revenue, the Federal Government had backed out of subsidising consumption of electricity, therefore, making the cost to go up by over 100 per cent. St...