The monthly spending of the Federal Government on electricity subsidy obligation has reached N1.91tn in the first 11 months of 2024, a new report by the Nigerian Electricity Regulatory Commission has ...

The Nigerian government will pay as much as N1.6 trillion to subsidise electricity in the year 2024. The Chairperson of the Nigerian Electricity Regulatory Commission, (NERC), Sanusi Garba, disclosed ...

The federal government now needs no less than N2.9 trillion to subsidise electricity consumption in 2024.This is a sharp increase over the earlier projection of N1.6 trillion. The minister of power, ...

Nigeria’s electricity subsidy surged to N1.477 trillion in the first nine months of 2024, reflecting a significant increase amid ongoing economic challenges. The third-quarter 2024 report by the ...

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 ...

Despite nearly N1.5 trillion pumped into several electricity metering programmes by the Federal Government and multilateral partners, Nigeria’s huge metering gap persists due to flawed execution, weak ...

Nigeria’s electricity subsidy bill has ballooned to N1.05 trillion in the first half of 2025, nearly wiping out the N1.12 trillion total revenue generated by the nation’s 11 electricity distribution ...

The Nigerian Electricity Regulatory Commission (NERC) says the newly approved tariff is expected to reduce subsidies for the 2024 fiscal year by about N1.14 trillion. The Vice Chairman of NERC, Musliu ...

The federal government, through the Nigerian Electricity Regulatory Commission, NERC, has approved a new cost-reflective tariff increase for the electricity distribution companies in Nigeria. This is ...

THERE were strong indications, weekend, that the Hydro-Electric Power Producing Areas Development Commission, HYPPADEC, could generate an average of N1.8 billion monthly for the development of host ...