The Transmission Company of Nigeria (TCN) has said that Nigerians will have to pay more for electricity because production is not easy.
However, it maintained that the cost of energy is still cheaper in Nigeria than in some neighboring countries.
This is despite the hike in electricity tariffs paid by Nigerians.
Recall that on April 3, 2024, the Nigerian Electricity Regulatory Commission (NERC) announced an upward review of electricity tariffs for customers enjoying 20 hours of power supply daily.
NERC stated that such customers are under the Band A classification.
This means that Nigerians in that category now pay N225 per kilowatt-hour, up from N66.
TCN Managing Director, Sule Abdulaziz, who appeared on Channels Television’s Sunday Politics program, said Nigerians are paying more for power because electricity production is not easy.
“Nigerians are getting 24-hour supply daily. It’s not everybody, but those people on Band A get 20 to 22 hours,” Abdulaziz said.
“Nigerians are paying more because producing electricity is not easy. You can see the exchange rate.
“Electricity is now expensive in Nigeria. We feel it is expensive because we are getting it at a cheaper price.
“If you go to other African countries—Niger, Burkina Faso, Senegal—electricity in Nigeria is still cheaper.”
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