An hour’s worth of power may be produced for N120, according to Chief Adebayo Adelabu, Nigeria’s minister of power.
He pointed out that this is the reason why the federal government is increasing its electricity subsidies.
He spoke at his Abuja office when members of the House Committee on Power paid him a visit for oversight.
According to Adelabu, the price does not include additional fees that the Nigerian Electricity Supply Industry (NESI) pays to power utilities.
He added that the government intends to move as many clients as possible to band A by accelerating the sector’s infrastructure.
In order to save the industry from illiquidity, he said the ministry is thinking about examining the tariff other bands pay.
He continued by saying that the electricity industry had produced, transmitted, and distributed 5,155.99 megawatts of power for the first time in three years.
“Precisely on the 8th of August, 2024. When this administration came in, we met an average of 4,000 megawatts of power being generated and transmitted.
TimesNow.com.ng earlier reported that Electricity distribution companies (DiSCos) have justified the rate increase, claiming that their Band A consumers in the nation receive the best deals in West Africa.
In an interview, Sunday Oduntan, a spokesman for the 11 energy distribution businesses in the nation that are members of the Association of Nigerian Energy Distributors (ANED), gave his remarks.
The ANED official, who reaffirmed his position, claimed that because they pay for it, energy users in neighboring nations like Ghana, Mali, Burkina Faso, and the Benin Republic receive higher quality output.
Source: TimesNow.com.ng
