Nigeria: On the Increase in Electricity Tariff

[Guardian]RELYING on what it calls an amended "special Multi Year Tariff Order" or MYTO 2.1, the Nigerian Electricity Regulatory Commission (NERC) announced the other day a sharp increase in electricity tariff effective, supposedly, from yesterday, January 1, 2015. Coming at a time when power supply output has dropped below 3,000 megawatts (mw), with adverse effects on business and economic activities, the increase is certainly ill-conceived and ill-timed, a slap in the face of Nigerians. It also shows gross insensi