Electricity

Worries about economic hardship as Tinubu government contemplates cutting electricity subsidies

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Nigerians are worried that the federal government, headed by President Bola Ahmed Tinubu, may soon consider eliminating electricity subsidies, even though the country’s economic situation is getting worse. During a conference on February 14, 2024, Adebayo Adelabu, the Minister of Power, stated that the government’s indebtedness has reached N3 trillion, making it unable to continue … Read more

Electricity subsidies are no longer sustainable, according to the Nigerian government

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Adebayo Adelabu, the country’s minister of power, has stated that electricity subsidies can no longer be maintained. The minister stated that Nigeria is currently 1.3 trillion naira in debt to generating businesses (GenCos) and 1.3 billion dollars due to gas firms, and that the country has to start moving towards a cost-effective pricing plan. This … Read more