Nigeria’s Minister of Power, Adebayo Adelabu, has assured citizens of a possible reduction in electricity costs in the coming months. This promise comes as the government works to increase power generation and distribution across the country. According to Adelabu, electricity costs in Nigeria are significantly cheaper than running generators on petrol or diesel, considering current prices. In fact, Nigeria has the cheapest electricity compared to other African nations like Togo, Mali, and Niger Republic ¹.
However, many Nigerians have expressed concerns over the high cost of electricity, particularly after the recent 300% tariff hike to N225 ($0.15) per kilowatt-hour. This increase has sparked worries that it may drive manufacturers out of business, worsen inflation, and stifle small and medium enterprises ¹.
Despite these concerns, Adelabu remains optimistic about the future of Nigeria’s power sector. He emphasized the government’s commitment to providing electricity to rural areas, particularly to youths. To achieve this goal, the Ministry of Power is collaborating with the National Lottery Trust Fund to train rural youths in assembling solar energy systems.
Key Highlights:
- Reduced Electricity Costs: Minister Adelabu promises lower electricity costs in the coming months.
- Cheapest Electricity in Africa: Nigeria has the lowest electricity prices compared to other African countries.
- Renewable Energy Focus: The government is shifting focus to solar and wind power to address energy needs.
- Rural Electrification: Efforts are underway to provide electricity to rural areas, targeting youth employment.
- Partnership and Collaboration: The Ministry of Power is working with the National Lottery Trust Fund to achieve these objectives.
Overall, while challenges persist, the Nigerian government seems committed to addressing the country’s energy needs and reducing electricity costs for its citizens.
