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Electricity subsidy gulped N135bn in 3 months – FG

The Federal Government’s contribution to plug in the revenue generation shortfall in the power sector in the second quarter of 2023 has increased to N135.2bn from the N36bn it paid in the first quarter of 2023. The figure was contained in the Nigerian Electricity Regulatory Commission (NERC) quarterly report. The report stated that “the government…

Tinubu-Led Nigerian Government Says Electricity Subsidy Gulped N135billion In Three Months

The President Bola Tinubu-led Nigerian government on Tuesday said that its contribution to plug in the revenue generation shortfall in the power sector in the second quarter of 2023 increased from the N36billion to N135.2billion.   This was contained in the Nigerian Electricity Regulatory Commission (NERC) quarterly report. Noting that on average, the subsidy obligation incurred by the government per month was N45bn in 2023/Q2.  

China seeks cheap space cargo launch services

China seeks cheap space cargo launch services
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