Akiolu gave the advice on Thursday night at an appreciation party and book presentation held in honour of Mr Oladele Amoda, the Managing Director, Eko Electricity Distribution Company, on his retirement from service.
According to the Oba of Lagos, the distribution companies should be allowed to charge what is good for them.
The News Agency of Nigeria reports that Amoda will retire as the EKEDC chief executive on Dec.29.
Vice President Yemi Osinbajo had in November at the Sixth Presidential Business Forum at the old Banquet Hall of the Presidential Villa, Abuja, said payment of high electricity tariffs was inevitable for Nigerian electricity users.
According to a statement signed by Laolu Akande, his media aide, Osinbajo said that the government was, however, trying not to increase electricity tariff for now.
“Listening to questions concerning lower tariffs, we must pay higher tariffs, these sorts of things are inevitable,” Osinbajo was quoted as saying by his aide.
The monarch said that new tariff was the only way to enable the sector to be effective and efficient in the delivery of regular electricity supply to all and sundry.
He said that if Nigerians want regular electricity supply, we should be ready to pay for it.
Akiolu, however, accused the personnel of the sector of involving in illegal connections and by-passing of prepaid meters.