The Minister of Power, Chief Adebayo Adelabu, on Thursday assured Nigerians that a reduction in the cost of electricity is inevitable with ongoing efforts to increase power generation and distribution in the country.
Band A electricity consumers pay NGN209.50 per kilowatt hour; band B – 64.07; band C – NGN 52.05; Band D – NGN 52.05; and band E – 43.27 NGN.
An analysis of the bands also revealed that consumers in Band A enjoy at least 20 hours of electricity supply per day; group B: 16:00; band C: 12 hours; group D: 8 hours; and E-band: 4 hours of power.
A statement from his Special Adviser on the Media, Mr. Bolaji Tunji, quoted him as saying this when the Executive Secretary of the National Lottery Trust Fund, Mr. Tosin Adeyanju, paid a courtesy visit to Abuja.
Adelabu said electricity prices in Nigeria remain relatively low compared to other African countries, including Togo, Mali and Niger Republic. Nigerians will soon start paying less for electricity,
He noted that the country’s low income levels often make costs seem high to consumers, saying that electricity is more economical than using gasoline or diesel generators, especially in view of the increase of fuel prices.
The Minister expressed his commitment to work with the National Lottery Trust Fund to advance initiatives to expand access to electricity, including renewable energy projects.
He emphasized the importance of these efforts to reach areas not served by the national grid, with the Rural Electricity Agency (REA) playing a crucial role.
Adelabu called for patience among Nigerians and assured them that the government is committed to improving electricity and rural development, especially for the youth.
During the visit, Adeyanju commended the minister for his performance since assuming office, noting significant improvements in electricity supply that have restored public confidence in the sector. He pointed out that many citizens had previously turned to solar energy due to unreliable electricity supply, but now have hope thanks to the efforts of the current administration.
Adeyanju proposed a partnership with the ministry to train rural youths in the assembly of one kilowatt of solar power, which he said would create job opportunities and reduce youth restlessness.
