Despite 240% Hike, Nigeria Maintains Among Cheapest Electricity Tariff in West Africa

By Joke Kujenya

AMIDST the recent uproar over a significant electricity tariff hike in Nigeria, which saw rates surge from N66 to N225 per kilowatt hour (kwh) for Band A customers, new data reveals Nigeria’s continued status among West Africa’s nations with the lowest electricity tariffs.

Released on April 3,2024, the tariff increase by the Nigerian Electricity Regulatory Commission (NERC) has drawn widespread criticisms, as citizens brace for heightening living expenses and the need to curtail electricity usage to mitigate costs.

However, despite the steep incre

However, despite the steep increase, data from Global Petrol indicates that Nigeria maintains one of the lowest electricity tariffs in the region.

Calculations by BuisnessDay, using an exchange rate of N1,330/$, peg Nigeria’s current tariff at $0.20/kWh.

Comparatively, Mali, with a tariff of $0.215kWh, showcase a differential percentage of approximately 1164% compared to Nigeria’s rate. Meanwhile, Togo, with a similar tariff to Mali’s, and Senegal, charging $0.189kWh, follow suit as countries with higher electricity tariffs.

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