The hike in electricity tariff made headlines earlier in the year when the government said it would stop subsidising power for some customers.
15th August 2024 04:16 PM
Electricity distribution companies (DiSCos) have defended the hike in electricity tariff, saying Band A customers in the country enjoy the lowest price in West Africa.
The spokesman of the country’s 11 electricity distribution companies under the umbrella of the Association of Nigerian Electricity Distributors (ANED) Sunday Oduntan said on Thursday said electricity consumers in neigbhouring countries like the Benin Republic, Mali, Burkina Faso, and Ghana enjoy better output because they “pay for it.
Oduntan stressed that; “Even the band A customers who are currently paying the highest in Nigeria, they pay the lowest tariff in the whole of West Africa.
“That is why the people supplying can recover their cost,” he said, arguing that the power sector needs funds to invest and improve electricity subsidy.
“That is why they can get enough capital to reinject into the system. So, it is very simple.”