Price Of Electrical energy Consumption In Nigeria Most cost-effective In The World — FG

Price Of Electrical energy Consumption In Nigeria Most cost-effective In The World — FG

The Federal Authorities on Thursday submitted that the price of electrical energy consumption in Nigeria is the most affordable and most defaulted by shoppers on the earth.

It made this submission when the Minister of State for Energy, Engineer Abubakar Aliyu, and heads of assorted businesses within the energy sector had interactive session with the Senate Committee on Energy…..CONTINUE READING

Explaining why the price of electrical energy consumption is on the low aspect, the minister mentioned electrical energy is extremely backed in Nigeria by the Federal Gov­ernment.

He backed up his declare by making comparative evaluation of price of electrical energy in Nigeria with these of the neighbouring international locations.

Aliyu mentioned: “Price of electrical­ity in Nigeria is the most affordable throughout the globe, significantly fuel to energy, which is extremely backed.

“For instance, whereas price of electrical energy in Nigeria is 15 cent per kilowatt, it’s 42 cent in Niger Republic, 23 cent in Republic of Benin, 25 cent in Mali, 28 cent in Senegal, 27 cent in Burkina Faso, and many others.”

He identified that most of the extraordinary shoppers and even essential businesses of gov­ernment, default in fee of invoice, lamenting that authorities is doing every part potential to make electrical energy reasonably priced and obtainable for Nigerians.

Additionally lamenting in the identical vein, the Managing Director of Transmission Firm of Nigeria (TCN), Engineer Sulyman Abdulaziz, mentioned excessive price of defaults on electrical energy payments by essential authorities businesses led to disconnection of Electrical energy Distribution Firms (DisCos) in Kadu­na and Kano from the nationwide grid just lately.

He added that although they’ve been briefly recon­nected however should make fee by way of the affected DisCos to TCN inside the 60 days grace given.

The senators, who reply to the myriad of issues nar­rated by the minister and heads of businesses in energy sector, instructed what they thought must be the best way out.

The Chairman of the committee, Senator Gabriel Suswam, and different members like Senators Adamu Aliero, Yusuf Abubakar Yusuf, amongst others, instructed deduction from supply electrical energy payments of such businesses by the Ministry of Finance.

Suswan disclosed that one of many complaints made by the DisCos, significantly these of Kaduna and Kano, is enor­mous debt incurred by them from electrical energy payments defaulters.

He mentioned that the written criticism by DisCos specifi­cally talked about navy for­mations throughout the nation, academic establishments, state governments…..CONTINUE READING

Read More

Read Previous

UNIJOS thirty third & thirty fourth Mixed Convocation Ceremony

Read Next

Alleged ethnic cleaning: Group petitions Buhari, UN, ICC, others

Leave a Reply

Your email address will not be published.