The average household cost is $0.05 per KW/h, while industrial usage costs $0.08 per KW/h. However, as Charles has explained, the cost of electricity is low, but the light is unstable; therefore, if you must run a mining back, you will need a solar, inverter, or generator backup to avoid blackouts.
Mines or mining farms are not illegal in Nigeria, as far as I am aware.
as a foreigner, if you make a profit from a business in Nigeria, you are subject to taxation based on your annual earnings.
I will dive into the Nigerian taxes system more deeply. About electricitym despite unstability, the price is quite good.
yeah the price of gas and fuel is quite cheap, the price of running a 24hrs of private diesel engine is about $1500/month now due to the current inflation
I am wondering what would be the best thing to do in Nigeria. Reading all your answers, I think the best thing to do would be to rent some industrial location, and to share the electricity with someone which already own a huge electrical contr
That would be a good ideal and a more secured and cheaper options out there
ExxonMobil plans to build bitcoin mining farms in Nigeria sometimes ago but i had no idea why the project is still pending.