Nigeria’s Minister of Power, Adebayo Adelabu says he is optimistic that electricity tariff will go down with time same way Sim cards and phone did.
Adelabu said this during the ministers briefing in Abuja on Friday.
According to him, the tariff is similar to the initial price surge observed in the telecommunication sector, which eventually saw prices reduced along the line.
“The electricity tariff might look expensive at the moment. But I’m optimistic that these tariffs will go down. We know how much we were buying SIM cards when the telcos just came. We know how much we were buying telephones.
“But gradually, as we scale up in generation, transmission and distribution, these prices will also decrease. It’s a temporary hardship leading to a permanent gain,” he said.
