2023: Tinubu Vows To End Estimated Electricity Billing, Fuel Subsidy If Elected

Bola Ahmed Tinubu, presidential candidate of the All Progressives Congress APC, has vowed to end estimated electricity billing and fuel subsidy if elected.

Tinubu spoke at luncheon with business owners titled ‘business forward’ on Thursday in Lagos.

Estimated billing is a type of electricity payment system whereby the distribution companies (DisCos) do the billing without the aid of any meter (postpaid or prepaid). This usually results in over-charging customers for power consumed.

“By all means, you must have electricity. And you won’t pay for estimated billing anymore. When I become president, multiple exchange rates will go away. Write it down,” he said.

The presidential candidate also promised to take bold decisions that will turn the economy around, including removing fuel subsidy, saying Nigeria will not continue to subsidise fuel consumption in neighbouring countries.

He said he would convert challenges to opportunities for development.

“How can we be subsidising fuel consumption of Cameroon, of Niger, of Benin Republic. No matter how long you protest, we are going to remove subsidy. We can do it. We are educated enough,” Tinubu said.

The former Lagos governor also pledged that his government would give room for private the sector to thrive.