Browse Tag

Electricity Subsidy

Nigerian Govt Incurs ₦536bn Electricity Subsidy In Q1 2025

The Nigerian government incurred ₦536.41 billion on electricity subsidies in the first quarter (Q1) of 2025. According to the latest quarterly report released by the Nigeria Electricity Regulatory Commission (NERC), this is 59.16 per cent of the total invoice issued by the

July 3, 2025

News

Nigerian Govt Promises To Clear Debts Owed Gencos By December

Nigeria’s Minister of Power, Adebayo Adelabu, has disclosed that the Federal government plans to pay off N2 trillion of the N4 trillion debt owed to power generation companies (GenCos) in the country by the end of this year. The sum that

April 19, 2025

News

No State In Nigeria Can Sustain Electricity Subsidies – Nnaji

Former Minister of Power, Prof. Bart Nnaji, has stated that, given past experience in Nigeria’s power sector, no state can sustain electricity subsidies. Prof. Nnaji, who is the Chairman and CEO of Geometric Power Group, parent company of Aba Power, said power

April 17, 2025

Business·News·Power

₦200bn Monthly Electricity Subsidy Benefits Only Wealthy Nigerians – Energy Adviser

By Kelechi Ogbu Olu Verheijen, Special Adviser to Nigeria’s President Bola Tinubu on Energy, has revealed that the Federal Government spends over ₦200 billion every month on electricity subsidies. She said the electricity subsidies benefit only wealthiest 25 per cent of Nigerians

February 5, 2025

Business·News·Power

Nigerian Govt Incurs ₦464.12bn Electricity Subsidy Obligation

The Nigerian government incurred ₦464.12 billion in subsidy obligation in the third quarter (Q3) 2024. This was revealed in the latest report by the Nigeria Electricity Regulatory Commission (NERC) for Q3 2024. According to the report, the Federal Government incurred the sum

January 9, 2025

Nigerian Govt Spends ₦380bn On Electricity Subsidy In Q2 2024 — NERC

Business·News·Power

Nigerian Govt Spends ₦380bn On Electricity Subsidy- NERC

The Nigerian government incurred an electricity subsidy obligation of ₦380 billion in the second quarter (Q2) of 2024. This was revealed in the Q2 report of the Nigerian Electricity Regulatory Commission’s quarterly released on Thursday. According to the report the electricity subsidy

October 12, 2024

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Business·News

IMF Urges Nigeria To Stop Electricity Subsidy Amid Economic Concerns

The International Monetary Fund (IMF) has reiterated its call for Nigeria to eliminate implicit fuel and electricity subsidies, warning of dire economic consequences if not addressed promptly. In a report, the IMF emphasized the need for fiscal responsibility and the creation of

May 13, 2024

Nigeria’s power generation has risen to 5,313 Mega Watts (MW), first time in three years, says the Minister of Power, Bayo Adelabu.

News·Power

Economist Backs Nigerian Senate’s Rejection Of Plans To Increase Electricity Tariff

Paul Alaje, has countered the call by Nigeria's Minister of Power, Adebayo Adelabu, for the Federal Government to completely remove subsidy on electricity.

February 23, 2024

Nigeria's Hardship Will Multiply If IMF's Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Finance & Economy·News

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Electricity Subsidy

Nigerian Govt Incurs ₦536bn Electricity Subsidy In Q1 2025

Nigerian Govt Promises To Clear Debts Owed Gencos By December

No State In Nigeria Can Sustain Electricity Subsidies – Nnaji

₦200bn Monthly Electricity Subsidy Benefits Only Wealthy Nigerians – Energy Adviser

Nigerian Govt Incurs ₦464.12bn Electricity Subsidy Obligation

Nigerian Govt Spends ₦380bn On Electricity Subsidy- NERC

IMF Urges Nigeria To Stop Electricity Subsidy Amid Economic Concerns

Economist Backs Nigerian Senate’s Rejection Of Plans To Increase Electricity Tariff

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Featured Stories

Nigeria’s World Cup Hopes Take Hit: Moffi and Ajayi Out of Gabon Playoff

My Wife Regina Daniels Is Battling Drug, Alcohol Addiction – NED NWOKO

EFCC, NIS, NCoS Complete Deportation of 192 Foreigners Convicted of Cyber-Terrorism in Lagos

Coup De’tat In Nigeria? Questions Over DIA’s Role In Uncovering Alleged Plot to Kill Tinubu, Shettima, Others

Whatsapp Channel

Latest News

Nigeria, LONGi Partner to Establish 1,000MW Solar Panel Factory in Landmark Renewable Energy Deal

Sarkozy’s Fall: Former French President Heads to Prison Over Libyan Funding Scandal

Nigeria’s World Cup Hopes Take Hit: Moffi and Ajayi Out of Gabon Playoff

My Wife Regina Daniels Is Battling Drug, Alcohol Addiction – NED NWOKO

Investors Shrug Off Banking Jitters, But More Volatility Lies Ahead – deVere CEO

Crypto Dives Further Amid Renewed Deleveraging Events

Innovation Series: Michael Gelpke Brings Home a Governmental Contract Worth 160M USD In Africa

Markets Find Footing as Gold Shines

Nigeria, LONGi Partner to Establish 1,000MW Solar Panel Factory in Landmark Renewable Energy Deal

Suggestions

Electricity Subsidy

Featured Stories

Follow Us

Whatsapp Channel

Latest News