“We’ll Soon Reduce Electricity Costs” – Minister Assures Nigerians

Nigerians have been reassured by Minister of Power Adebayo Adelabu that measures are being made to lower the cost of energy in the upcoming months.

The Minister mentioned that the administration is working harder to increase the nation’s power production and distribution.

On Wednesday, October 3, 2024, at the ministry’s Abuja headquarters, he disclosed this to Tosin Adeyanju, the Executive Secretary of the National Lottery Trust Fund, who was leading the agency’s management team.

Adelabu maintained that, given the present rates of diesel and gasoline, electricity is far less expensive than running generators that run on those fuels, despite protests from Nigerians, particularly Band A subscribers.

“Nigerians can be assured of a reduction in the cost of electricity, with the current effort to step up generation and distribution of power in the country.

“The price of electricity is still the cheapest in Nigeria, compared to even other African nations such as Togo, Mali, and Niger Republic but the low level of income in Nigeria makes the cost looks high to consumers,” he said.

For his part, the Lottery boss commended the minister for his outstanding performance, competence and capacity since assuming office about a year ago.

“Permit me to address you as a performing minister of power, because since 1999, we have not witnessed the improvement that we have in the electricity supply in the country, as we have today. Before now, many were already opting for solar as supply was abysmal. But you have restored people’s confidence in the sector since you came on board”, Adeyanju said.

Adelabu says 40% Nigerians enjoy 20 hours of power
Last week, the Minister said more than 40% of Nigerians now enjoy 20 hours of power supply daily across the country.

He stated that feat was achieved through revolutionary measures taken by the Ministry of Power, with the support of President Bola Tinubu, as part of his Renewed Hope agenda to galvanise the economy.

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