The Nigerian Minister of Power, Adebayo Adelabu has disclosed that the nation currently enjoys the cheapest electricity tariffs in Sub-Saharan Africa.
This was revealed by the Minister on Tuesday at a public hearing organized by the House of Representatives Joint Committee on Power, National Planning, and Delegated Legislation in Abuja.
According to him, the introduction of band A customer line with a higher tariff reduced electricity subsidies from about N3 trillion to N1 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.
saharandaily