Nigeria: electricity prices by user group 2023

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As of September 2023, the price of electricity used in households in Nigeria amounted to around 23 Nigerian naira per kilowatt hour, some 0.016 U.S. dollars. On the other hand, industrial electrical energy was priced at approximately 36 NGN per kilowatt hour, roughly 0.026 U.S. dollars.

Electricity prices in Nigeria as of September 2023, by user group (in Nigerian naira per kilowatt hour)

Characteristic	Price in Nigerian naira per kilowatt hour
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Release date

April 2024

More information

Region

Nigeria

Survey time period

September 01, 2023

Supplementary notes

The release date is the date the statistic was accessed.

The source specifies: "In the calculations, we use the average annual household electricity consumption and, for business, we use 1,000,000 kWh annual consumption".

Figures have been rounded.
Currency conversion rate as of April 01, 2024.

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