University of Ilorin expresses concern as monthly electricity bill jumps from N70m to N230m

UniIlorin monthly electricity bill jumps from N70m to N230m
UniIlorin monthly electricity bill jumps from N70m to N230m .. Photo credit: @UnilorinNGR.. Source: Facebook

  • The University of Ilorin's management has expressed serious concerns about the recent electricity tariff increase
  • The management said the Ibadan Electricity Distribution Company (IBEDC), increased their monthly bill from N70 million to N230 million
  • The vice-chancellor, Prof. Wahab Olasupo Egbewole, highlighted that the hike poses significant financial challenges and is unsustainable for the university

Ilorin, Kwara state—The University of Ilorin's management has voiced concerns over the recent electricity tariff hike from N70 million to a whopping N230 million.

The university's management took to its social media X handle on Tuesday, June 11, to note that the hike is not sustainable or feasible for the university.

Electricity hike affecting varsity's budget

Speaking, the vice chancellor, Prof. Wahab Olasupo Egbewole, noted that the Ibadan Electricity Distribution Company (IBEDC) imposed an electricity hike that has severely impacted the university's budget and posed significant financial challenges, as reported by the Nigerian Tribune.

He said:

"The recent hike in electricity tariffs by the IBEDC has caused our monthly electricity bill to escalate from N70 million to N230 million. This is a huge burden on our budget, and we cannot sustain this level of expenditure."

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