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Minister: Cost of electricity in Nigeria is cheapest in the world

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The Minister of Power in Nigeria, Abubakar Aliyu, recently claimed that electricity in Nigeria is the cheapest in the world, stating that the government heavily subsidizes the cost of gas to power.

However, TheCable has not yet verified this statement. According to the Minister, the cost of electricity in Nigeria is 15 cents per kilowatt, while it is 42 cents in Niger Republic, 23 cents in Republic of Benin, 25 cents in Mali, 28 cents in Senegal, and 27 cents in Burkina Faso.

The Minister also mentioned that the high rate of defaults on electricity bills by government agencies led to the recent disconnection of electricity distribution companies in Kaduna and Kano from the national grid.

The managing director of the Transmission Company of Nigeria added that the affected DisCos must make payment within a 60-day grace period.

The chairman of the committee proposed that the Ministry of Finance should deduct the electricity bills of such agencies from source.

source; the cable 
link; https://www.thecable.ng/minister-cost-of-electricity-in-nigeria-is-cheapest-in-the-world



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