Nigeria electricity prices
The residential electricity price in Nigeria is
NGN 22.630 per kWh or USD 0.014.
The electricity price for businesses is
NGN 36.070 kWh or
USD 0.022.
These retail prices were collected in December 2023 and include the cost of power, distribution and transmission, and all taxes and fees.
Compare Nigeria with 150 other countries.
Historical quarterly data, along with the latest update from June 2024 are available for download.
Sources: Nigerian Electricity Regulatory Commission, The National Bureau of Statistics (NBS), The National Bureau of Statistics (NBS)
Electricity price analysis for Nigeria
- Residential electricity prices in Nigeria are 18.22% of the world average electricity price and 22.76% of the average price in Africa.
- Business electricity rates in Nigeria are 29.36% of the world average price and 40.79% of the average in Africa.
- Household rates are 62.74% of the business rates.
- Electricity prices paid by small businesses in Nigeria are 98.14% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 17.68% of the price paid by households with high electricity consumption.
