The Transmission Company of Nigeria (TCN) has claimed that electricity in Nigeria remains more affordable compared to several neighboring African countries, despite the recent increase in tariffs.
The hike, implemented by the Nigerian Electricity Regulatory Commission (NERC) on April 3, 2024, raised the price for consumers in Band A, who receive at least 20 hours of power daily, from ₦66 to ₦225 per kilowatt-hour. This increase has sparked widespread criticism, especially given the ongoing economic challenges Nigerians face after the removal of the petrol subsidy.
However, TCN Managing Director, Sule Abdulaziz, argued during an interview on Channels Television that electricity prices in Nigeria are still lower than in countries like Niger, Burkina Faso, and Senegal. He explained that the high cost of power production, influenced by factors like the exchange rate and generation costs, is responsible for the perceived price hike.
“Electricity is expensive in Nigeria now, but compared to other African nations, we’re still paying less,” Abdulaziz stated. He added that Nigerians in Band A enjoy 20 to 22 hours of electricity daily.
Abdulaziz also expressed optimism about achieving stable power in the country within the next five years, citing noticeable improvements in electricity supply over the past year.
“Most Nigerians will agree that there’s been an improvement in power supply, and this trend will continue,” he assured.
