MARKET UPDATE
Advertisement

TheCable

Tag "electricity subsidy"

FG: Cost-reflective tariffs will solve power sector problems

    FG: Cost-reflective tariffs will solve power sector problems

The federal government says cost-reflective tariffs will solve power sector problems in the country. Ahmad Zakari, special adviser to the president on infrastructure, said this recently at the 12th edition

0 comment Read Full Article

IMF advises FG to remove fuel, electricity subsidies early 2022

    IMF advises FG to remove fuel, electricity subsidies early 2022

The International Monetary Fund (IMF) has advised the federal government to completely remove subsidies on fuel and electricity in early 2022. In the staff concluding statement of its 2021 Article

1 comment Read Full Article

FG: Monthly subsidy on electricity now N30bn — drop from N50bn in February

    FG: Monthly subsidy on electricity now N30bn — drop from N50bn in February

The federal government says the cost of subsidising electricity every month is now about N30 billion — a drop of N20 billion (40 percent) from N50 billion spent in February

0 comment Read Full Article

FG may end electricity subsidy by December, says presidential aide

    FG may end electricity subsidy by December, says presidential aide

Ahmed Zakari, special adviser to the president on infrastructure, says the federal government may halt the payment of electricity subsidies by the end of 2021. Speaking during a webinar organised

0 comment Read Full Article

Buhari: Borrowing to subsidise electricity is grossly irresponsible

  Buhari: Borrowing to subsidise electricity is grossly irresponsible

President Muhammadu Buhari says it is irresponsible to keep borrowing money to subside the generation and distribution of electricity. Buhari,

0 comment Read Full Article