The Minister of Power, Adebayo Adelabu, has assured Nigerians of a possible reduction in the cost of electricity in the coming months, following a current effort to step up the generation and distribution of power in the country.
This was as he noted that electricity costs in the country are significantly cheaper than running generators on petrol or diesel, considering its current prices.
He gave the assurance on Thursday, October when he received the Executive Secretary of the National Lottery Trust Fund, Mr. Tosin Adeyanju, who led the management team of the agency to pay a courtesy call on the Minister at the headquarters of the ministry in Abuja.
The Minister also said that it is worth noting that the price of electricity is still the cheapest in Nigeria, compared to even other African nations such as Togo, Mali and Niger Republic.
He, however, said that the low level of income in Nigeria makes the cost look high to consumers.
Nigerians have lamented the high cost of electricity this year following the increase of band tariffs being charged by the electricity Distribution Companies.
Currently, Band A customers are guaranteed at least 20 hours of electricity supply daily and are expected to pay N209.5 Kilowatts per hour with more citizens and manufacturers complaining of the high cost.
The price of electricity is still the cheapest in Nigeria, compared to even other African nations such as Togo, Mali, and Niger Republic but the low level of income in Nigeria makes the cost looks high to consumers.”
In his address, The Lottery boss commended the minister for his outstanding performance, his competence, and capacity, since his assumption of office about a year ago, and in restoring the confidence of Nigerians in the power sector.
“Permit me to address you as a performing minister of power, because since 1999, we have not witnessed the improvement that we have in the electricity supply in the country, as we have today. Before now, many were already opting for solar as supply was abysmal. But you have restored people’s confidence in the sector since you came on board”, Adeyanju said.
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