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Nigeria’s “Highly Subsidized” Electricity Cost Cheapest Globally- Minister
Abubakar Aliyu, minister of power, has stated that the cost of electricity in Nigeria is the cheapest in the world.
The minister stated this on Thursday in Abuja during an interactive session with the senate committee on power and heads of various agencies in the power sector.
The minister argued that electricity is highly subsidised by the federal government
“Cost of electricity in Nigeria is the cheapest across the globe, particularly gas to power, which is highly subsidised,” he said.
“For example, while the cost of electricity in Nigeria is 15 cents per kilowatt, it is 42 cents in the Niger Republic, 23 cents in the Republic of Benin, 25 cents in Mali, 28 cents in Senegal, 27 cents in Burkina Faso, and so on.”
He said while the government is doing everything possible to make electricity affordable and available for Nigerians, many consumers as well as critical agencies of government fail to pay their bills.