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The Federal Government, on Monday, announced that it was currently reviewing the implementation process for a cost reflective electricity tariff, but stated that it would continue to subsidise power supply for vulnerable citizens in Nigeria.
With over N7tn investments in the power sector after it was privatised, the industry has failed to deliver reliable electricity, triggering anger among consumers, OKECHUKWU NNODIM writes
The federal government spent N375.8 billion on electricity subsidies from January to September this year, as power consumers paid N782.6 billion for the
Consumers paid N247.09bn, N267.86bn and N267.61bn in the first, second and third quarters of 2023 respectively. This represents a total of N782.56bn.
The Nigerian government has revealed the amount it paid as a subsidy to various electricity distribution and generating companies in the first nine months of 2023