Nigerians enjoy cheapest electricity tariff in Sub-Saharan Africa – Power Minister

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 isn’t 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.

Source:

Business – Daily Post Nigeria