
The Transmission Company of Nigeria (TCN) has asserted that, even with recent increases in electricity tariffs, the cost of energy in Nigeria is still more affordable than in several neighboring African countries, including Senegal.
This statement was made by TCN Managing Director Sule Abdulaziz during an appearance on Channels Television’s Sunday Politics programme.
Abdulaziz explained that while Nigerians are experiencing higher electricity costs due to factors such as exchange rates and the expenses involved in power generation, the prices remain comparatively lower than those in countries like Niger, Burkina Faso, and Senegal.
He stated, "Electricity is now expensive in Nigeria, we are feeling it is expensive because we are getting it at a cheaper price.
If you go to other African countries... still, now, Nigeria is cheaper."
Furthermore, Abdulaziz highlighted that some Nigerians, particularly those classified under Band A, are now enjoying nearly round-the-clock electricity supply.
“Nigerians are getting 24 hours supply (daily), it’s not everybody but those people on Band A, they get 20 to 22 hours,” he noted.
The tariff hike, which took effect on April 3, 2024, saw the Nigerian Electricity Regulatory Commission (NERC) increase electricity costs from N66 to N225 per kilowatt-hour for customers receiving at least 20 hours of power daily.
This move has been met with widespread criticism, especially given the economic hardships following the removal of the petrol subsidy.
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