The Presidential candidate of the Labour Party, LP, in the 2023 general elections, Peter Obi, has toed the path of President Bola Ahmed Tinubu’s government on a new electricity tariff hike.

Obi, on Sunday, said an increase in electricity tariffs for the rich is the best approach.

Recalling that the Nigerian Electricity Regulatory Commission approved a tariff hike last Tuesday for Band A customers, Obi said that this was a solution to Nigeria’s electricity challenges.

He stressed that an increase in tariffs for urban areas that can afford it is understandable.

“The solution is very simple (referring to electricity tariff hike), you can increase the tariff for those in areas where they can afford it.

“We must focus on power generation since it has been a long-standing issue. But we have to take into consideration that the majority of Nigerians are suffering.

“So we need to support people in those areas to be able to live and produce something.

“When they start to produce something, this helps lift them out of poverty, and that’s where my theory of shifting from consumption to production comes into play,” he said.