Cheap Electricity: Nigeria Ranks 109 Amid 168% Tariff Hike In Eight Years. - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (A.M)
May 11, 2023
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.