Nigerian Electricity prices increase by 58%

 According to research, the cost of electricity has increased by 58% since the Nigerian government withdrew its N500 billion subsidy to the power sector.

Nigerian newspapers have reported that subsidies have been withdrawn since 2020, which has led to an increase in electricity prices from N31 / kWh to N49 / kWh since last year.

Since then, fuel prices have increased by N18 / kWh.

Electricity distribution companies in the country have previously announced the introduction of a group power allocation scheme that includes your budget and entertainment.

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