Nigerian Govt Approves 50% Electricity Subsidy for Public Hospitals
The Federal Government of Nigeria has introduced a 50% subsidy on electricity costs for public hospitals nationwide. This initiative was ...
Sunday, November 24, 2024
Tag: Electricity subsidy
Electricity subsidy gulps N629bn as Discos generate N1.1tn
The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of ...
Stop electricity subsidy, IMF tells FG
The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In ...
FG to reinvest proceeds of electricity subsidy savings to improve power supply, social services — Minister
The Federal Government has unveiled plans to redirect approximately N1 trillion in savings from the removal of electricity subsidies to ...
NERC Anticipates 52% Drop in FG’s Monthly Electricity Subsidy Spending due to New Tariff Hike
The Nigerian Electricity Regulatory Commission (NERC) has projected that the recently approved electricity tariff will significantly reduce the subsidy expenditure ...
FG to Pay N1.6 Trillion for Electricity Subsidy in 2024
The Nigerian Electricity Regulatory Commission (NERC) has announced that the federal government will allocate N1.6 trillion for electricity subsidy in ...
Electricity subsidy gulps N376bn, consumers pay N783bn
The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total ...
