No power, Petrol Price Hikes Till After 2019 Elections

Economists and investors in the power and petroleum sectors have warned that Nigerians should be ready for hike in power and petrol prices immediately after the 2019 general elections,

In a chat with New Telegraph in Lagos, they insisted that the expedient hike in prices of electric power and Premium Motor Spirit (PMS); two utility products in Nigeria, will wait till immediately after the general elections.

Speaking with this newspaper last night, CEO of Financial Derivatives, Mr. Bismarck Rewane, a frontline economist, said nothing would happen on both power tariff and petrol price until after the election as no political party would want to lose the election by doing anything beforehand.

Similarly, Managing Director, Cowry Asset Management, Mr. Johnson Chukwu and investors in the 11 distribution companies, said that no party or individual that emerges winner in the election will sustain the energy tariff and oil subsidy burde

 

Source: EnergyMixReport

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