During an interactive session with the Senate Committee on Power and heads of various agencies in the power sector, the Minister of State for Power, Abubakar Aliyu, stated that Nigeria has the cheapest electricity consumption cost in the world due to heavy subsidies from the federal government.
Aliyu said, “The cost of electricity in Nigeria is the cheapest across the globe, particularly gas to Power which is highly subsidized.
“For example, while the cost of electricity in Nigeria is 15 cents per kilowatt, it is 42 cents in the Niger Republic, 23 cent in the Republic of Benin, 25 cents in Mali, 28 cents in Senegal, 27 cents in Burkina Faso etc.”
However, he lamented that despite efforts to make electricity affordable and accessible to Nigerians, many consumers and government agencies are not paying their bills.
