Nigeria electricity prices
The residential electricity price in Nigeria is
NGN 50.823 per kWh or USD 0.032.
The electricity price for businesses is
NGN 65.770 kWh or
USD 0.041.
These retail prices were collected in September 2024 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 March 2025 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 24.47% of the world average electricity price and 31.27% of the average price in Africa.
- Business electricity rates in Nigeria are 32.17% of the world average price and 43.95% of the average in Africa.
- Household rates are 77.27% of the business rates.
- Electricity prices paid by small businesses in Nigeria are 95.89% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 6.15% of the price paid by households with high electricity consumption.
The energy mix of Nigeria
Based on the United States Energy Information Adminstration data from 2022, electricity in Nigeria is produced from the following sources: fossil fuels 78.38%,
wind 0.00%,
solar 0.14%,
hydro 21.48%,
nuclear 0.00%, and
geothermal 0.00%.
You can also compare the energy mix of Nigeria to other countries.
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