Think electricity is getting cheaper in Nigeria? Think again! While prices on paper might suggest a drop, millions of Nigerians are facing a harsh reality of a dual cost burden, making power more expensive than ever.
Many households and businesses are no longer choosing between the grid and generators; they’re paying for both. This means shelling out money for unreliable grid supply, often at rates like 209-225 Naira per kilowatt-hour, and then spending even more to fill the critical supply gap.
So, while official figures might paint a picture of cheap electricity, the reality on the ground is vastly different. A typical Nigerian household, using anywhere from 40,000 to 100,000 Naira worth of electricity, faces escalating costs for generators – even higher with diesel – simply to get power. Nigerians aren’t buying “paper electricity”; they’re struggling with what’s actually available and affordable.
