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Tag "electricity subsidy"

NERC: New tariff will reduce 2024 electricity subsidy by N1.14trn

    NERC: New tariff will reduce 2024 electricity subsidy by N1.14trn

The Nigerian Electricity Regulatory Commission (NERC) says the newly approved tariff is expected to reduce subsidy for the 2024 fiscal year by about N1.14 trillion. On April 3, NERC approved

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Electricity subsidy: FG plans gradual migration to ‘cost-reflective’ tariff in 3 years

    Electricity subsidy: FG plans gradual migration to ‘cost-reflective’ tariff in 3 years

The federal government says there are plans to gradually move towards a cost-reflective electricity tariff. Adebayo Adelabu, minister of power, disclosed this on Monday, according to Bolaji Tunji, special adviser

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Senate asks FG to suspend plan to remove subsidy on electricity

    Senate asks FG to suspend plan to remove subsidy on electricity

The senate has asked the federal government to drop the plan to remove subsidies on electricity. The upper legislative chamber took the position after Aminu Iya Abbas, senator representing Adamawa

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‘It’s difficult to sustain’ — Adelabu laments N3trn electricity subsidy bill

    ‘It’s difficult to sustain’ — Adelabu laments N3trn electricity subsidy bill

Adebayo Adelabu, minister of power, says it is difficult for the federal government to continue to subsidise electricity, saying Nigeria’s debt to generation and gas companies is now N3 trillion.

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FG approves new tariff for DisCos, to pay N1.6trn electricity subsidy in 2024

  FG approves new tariff for DisCos, to pay N1.6trn electricity subsidy in 2024

The Nigerian Electricity Regulatory Commission (NERC) has approved new electricity tariffs for the 11 distribution companies (DisCos) in the country,

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FG will continue electricity subsidy to ease burden on Nigerians, says NERC

  FG will continue electricity subsidy to ease burden on Nigerians, says NERC

Sanusi Garba, chairman of Nigerian Electricity Regulatory Commission (NERC), says the federal government will continue to subsidise electricity to ease

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NERC: FG spent N171.3bn on electricity subsidy in six months

  NERC: FG spent N171.3bn on electricity subsidy in six months

The Nigerian Electricity Regulatory Commission (NERC) says the federal government paid a total of N171.25 billion as electricity subsidy in

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‘Improve transport, agriculture’ — Nigerians ask FG to ease subsidy removal impact

  ‘Improve transport, agriculture’ — Nigerians ask FG to ease subsidy removal impact

Some Nigerians have asked the federal government to consider subsiding transportation and improving food production to ease the impact of

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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

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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

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