The Federal Government of Nigeria has declared that the cost of electricity consumption in Nigeria is the cheapest in the world.
According to the government, electricity is highly subsidized in Nigeria by the federal government which made its cost to be cheapest across the globe.
The Minister of State for Power, Engineer Abubakar Aliyu backed up his claim by making comparative analysis of cost of electricity in Nigeria with those of the neighbouring countries.
Aliyu made this known in Abuja during an interactive session with Senator Gabriel Suswam, PDP, Benue North East led Senate Committee on Power.
The Minister who was accompanied by heads of various agencies in the Power sector said, "Cost of electricity in Nigeria is the cheapest across the globe , particularly gas to power, which is highly subsidized."
Senator Suswam on his part noted that one of the complaints made by the DISCOs, particularly those of Kaduna and Kano was enormous debt incurred by them from electricity bills defaulters.
”The DISCOs as stated in the written complaint specifically mentioned military formations across the country, educational Institutions, state governments, etc."
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