By Ikechukwu Amaechi
No matter how anyone tries to rationalise the obtuse economic reforms of the Tinubu administration, the most searing no confidence vote in their sustainability has been passed by the president himself when the presidency announced that it was no longer sustainable for the Aso Rock Villa to continue paying the yearly N47 billion ‘Band A’ electricity tariff.
Aso Rock’s
move which jolted many is coming on the heels of increasingly unreliable public
power supply, even as the cost soars for both households and government
institutions.
In 2024, the Abuja Electricity Distribution Company which said the Presidential Villa owed a bill of N923.87 million issued a 10-day notice to Nigeria’s seat of government and 86 MDAs to pay the combined debt of N47.1 billion or risk disconnection, hence the presidency’s bid to opt out of the national grid.
