The Minister noted that the government is ramping up efforts to step up the generation and distribution of power in the country.
He made these known when he received the Executive Secretary of the National Lottery Trust Fund, Tosin Adeyanju, who led the management team of the agency to pay a courtesy call on him at the headquarters of the ministry in Abuja on Wednesday, October 3, 2024.
Despite lamentations by Nigerians, especially Band A consumers, Adelabu insisted that electricity costs are significantly cheaper than running diesel or petrol-powered generators taking into account the current prices of those commodities.
He also noted that the price of electricity remains cheap in Nigeria compared to even other African countries such as Togo, Mali and Niger Republic.
However, he attributed the relatively high cost to the low level of income of many Nigerians.
“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.
