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Electricity tariff: Power Minister acting World Bank, IMF’s script -Falana

Sanda Asama by Sanda Asama
April 30, 2024
in Business, Development, News
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Electricity tariff: Power Minister acting World Bank, IMF’s script -Falana
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A Senior Advocate of Nigeria, Femi Falana, has said the Minister of Power Adebayo Adelabu, is acting the script of the International Monetary Fund and the World Bank following a hike in electricity tariff. 

He said, “The Honourable Minister of Power is acting the script of the IMF and the World Bank.

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“Those two agencies insisted and they continue to insist that the government of Nigeria must remove all subsidies. Fuel subsidy, electricity subsidy and what have you; all social services must be commercialised and priced beyond the reach of the majority of Nigerians.

“So, the government cannot afford to protect the interest of Nigerians where you are implementing the neoliberal policies of the Bretton Wood institutions.”

The Senior Advocate of Nigeria criticised Western countries, particularly the United States of America, for practicing double standards.

According to Falana, they provide support for agriculture, energy, and fuel through subsidies, as well as offering grants and loans to needy students, all while advising the Nigerian government against implementing similar measures for its people.

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