Nigerians enjoy cheapest electricity tariff in Sub-Saharan Africa – Power Minister
 
Daily Post  Jun 11, 2024      
 
 

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The Minister of Power, Adebayo Adelabu, on Tuesday, said Nigeria enjoys cheaper electricity tariffs in Sub-Saharan Africa.

Adelabu disclosed this in Abuja at a public hearing organized by the House of Representatives Joint Committee on Power, National Planning, and Delegated Legislation.

He also disclosed that the introduction of band A with a higher tariff reduced electricity subsidies to N1 trillion from about N3 trillion.

We are still about the cheapest, even in sub-Saharan, in spite of the tariff. Our neighboring countries pay higher. So the price isnt comparable.

Band A is cheaper compared to other sources of generating power. It is almost 50 per cent cheaper to connect to band A of the national grid than to run on fuel and diesel.

So when we complain about the higher tariff, it is cheaper for any business to pay for a grid connection than to individually generate power, he said.

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