Despite a near-zero improvement in power supply efficiency under the regime of President Muhammadu Buhari., and contrary to the boast by the Minister of Power, Abubakar Aliyu, that Nigeria enjoys the cheapest electricity, findings have shown that over 100 countries offer more affordable electricity compared to Nigeria.
Painfully, this is coming as the current regime has, in the last eight years, increased electricity tariff by over 168 per cent, with billing jumping from an average of N23.5 a kilowatt-hour in 2015 to N63 kWh as of January this year.
Notwithstanding the high cost of electricity, supply gaps remain huge with many Nigerians paying estimated bills for unavailable electricity and further depending on generating sets for household and commercial supply.
Indeed, amidst high electricity theft, estimated billing and a worsening financial crisis in the power sector, about nine agencies and ministries of the Federal Government owe the
distribution companies about N75 billion accumulated between 2015 and 2020.
