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FG, World Bank at loggerhead as Nigeria spends $1 5b on electricity

As the Federal Government spends nothing less than $1.5b to meet the shortfall in the nation’s electricity sector, Special Adviser to the President on Infrastructure, Ahmad Rufai Zakari, Monday said the survey conducted by the World Bank, which claimed that 78 per cent of power consumers in Nigeria get less than 12 hours of daily supply of electricity was baseless. x While the World Bank had revealed that the Nigeria government is currently subsidising the power sector with about $1.5 billion, especially due to tariff shortfall, Zakari had told The Guardian that the recently introduced Service-Based Tariff, which increased electricity bills for end-users improves the liquidity in the market by about N65 billion in January this year.

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