Electricity distribution companies in Nigeria have said that the Federal Government has not been fulfilling its promise to pay the cost of subsidising the electricity consumed by customers on Band B to E.
The Executive Director of Research and Advocacy of the Association of Nigerian Electricity Distributors, Sunday Oduntan, stated this on Wednesday while featuring on Arise News TV to discuss the state of electricity in Nigeria, especially amid the frequent grid collapses.
According to Oduntan, only customers on Band A pay the right cost of electricity consumed, while the government subsidises about 67 per cent of what other customers should pay.
However, he said the government promised to pay for the shortfalls, but it has continued to default.
“Today, only people in Band A pay the true cost of electricity. If you are in Band B, C, D, or E, the government is subsidising your electricity consumption by as much as 67 per cent, which means you are not even paying up to half of what you should be paying, and the so-called subsidy is not being paid by the government. It is now a kind of shortfall because it continues to pile up,” Oduntan said.
