Business 'Electricity is Cheaper in Nigeria Than in Other Countries'

[LequteMan]

Electricity in Nigeria is cheap according to the pioneer Managing Director of Ibadan Electricity Distribution Company (IBEDC), Mr. Fortunato Leynes, who exited the company after 18 months in charge.

Speaking in an interview, Leynes said " The price of electricity here in Nigeria is quite low. Our non-commercial customers pay less than N20 per kilowatt. For instance, if it were in The Philippines, our customers will be paying something around N50 per kilowatt, but here, customers just pay less than N20 on the average. Electricity is cheaper in Nigeria."

He also said that it would take Nigeria at least five years to get stable power supply, if things progress at its current rate.

"Power generation coming from the national grid is still not sufficient to supply the actual power requirements of all the customers here in Nigeria. And normally, power generation supply contracts, which would have helped, will take time. So, for the country to enjoy uninterrupted power supply will take between five and seven years. But one thing that is sure is that along the line there will be marked improvements. But to get to that point of uninterrupted power supply will take a minimum of five years."

#Nigeria #Ibadan

 

[phealip]

Cheaper in relation to countries with constant power supply or with those with erratic supply?

Let them make it N50 per kilowatt with steady power supply and see if Nigerians won't pay!

 

[LequteMan]

@phealip you spoke my mind. Even if electricity costs N50/kWh and its constant it'll still be cheaper and better than using generators.

I hate that horrible noise at night, it gives me migraines.

If power supply is stable.....a lot of things will CHANGe for the better