The Federal Government has said that the cost of electricity consumption in Nigeria is among the cheapest and most defaulted by consumers in the world.
This came as the Chairman of the Senate Committee on Power, Senator Gabriel Suswam, said Electricity Distribution Companies had listed military formations, educational institutions and state governments among the defaulters of power bills. Meanwhile, the Minister of State for Power, Engineer Abubakar Aliyu, who appeared before the Senate Committee on Power alongside the heads of various agencies in the power sector on Thursday in Abuja said electricity was highly subsidized in the country by the Federal Government, making it the cheapest across the globe.
He backed up his claim by making a comparative analysis of the cost of electricity in Nigeria with those of the neighbouring countries.
“The cost of electricity in Nigeria is the cheapest across the globe, particularly gas to power which is highly subsidised. “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.” – Source: Punch
