Tag: Electricity subsidy

The Federal Government's yearly electricity subsidy has increased by 269 percent to ₦2.4 trillion in 2024, up from ₦650 billion in 2023. This is despite the installation of the Band ...

Through the Nigerian Electricity Regulatory Commission, the Federal Government has announced that, before the year is out, it will spend almost N2.4 trillion on power subsidies. This was revealed by ...

The Nigerian Electricity Regulatory Commission has released a fresh report revealing that the Federal Government's monthly expenditure on energy subsidy obligations surpassed N1.91 trillion in the first 11 months of 2024. ...

The Federal Government of Nigeria has introduced a 50% subsidy on electricity costs for public hospitals nationwide. This initiative was unveiled by the Minister of State for Health and Social ...

The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained ...

The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In a report published recently by the IMF, the organisation told ...

The Federal Government has unveiled plans to redirect approximately N1 trillion in savings from the removal of electricity subsidies to bolster social services and enhance the power supply nationwide. During ...

The Nigerian Electricity Regulatory Commission (NERC) has projected that the recently approved electricity tariff will significantly reduce the subsidy expenditure for the fiscal year 2024 by approximately N1.14 trillion. Mr. ...

The Nigerian Electricity Regulatory Commission (NERC) has announced that the federal government will allocate N1.6 trillion for electricity subsidy in 2024, during a press briefing in Abuja, Engr. Sanusi Garba, ...

The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it ...