Adelabu, the Power Minister, reassured Nigerians that electricity costs will go down soon.
The Minister mentioned that the government is increasing efforts to boost power generation and distribution in the country.
He shared this when the Executive Secretary of the National Lottery Trust Fund, Tosin Adeyanju, and her team visited him at the ministry in Abuja
Despite complaints from Nigerians, especially those in Band A, Adelabu insists that electricity is way cheaper than running generators with diesel or petrol, considering the current prices of those things.
He also mentioned that electricity is still cheap in Nigeria, even compared to other African countries like Togo, Mali, and Niger Republic.
“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.
The Lottery boss praised the minister for doing an amazing job since he started 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.
According to the Minister, more than 40% of Nigerians now have 20 hours of power every day.
The feat was achieved through revolutionary measures by the Ministry of Power, with President Bola Tinubu’s support, as part of the Renewed Hope agenda for economic revitalization.