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Electricity Subsidy Surges by 220%, Reaches Almost N2trn

Electricity Subsidy Surges by 220%, Reaches Almost N2trn   The Federal Government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in 2024. This represents a 219.67 per cent increase in yearly subsidy funding, despite the Band A tariff hike of April 2024. The Nigerian Electricity...

Electricity Subsidy Hits N536bn in Q1

The Federal Government incurred a total of N536.4bn in electricity subsidy obligations in the first quarter of 2025 alone, amid its struggles to pay over N4tn debt owed to power generation companies.

$10bn Needed to Provide Adequate Electricity – Power Minister

The Minister of Power, Adebayo Adelabu has said the Federal Government needs about 10 billion dollars to salvage the power sector.

Electricity Subsidy Bill Surges to N762bn

Electricity Subsidy Bill Surges to N762bn   Electricity subsidy has increased to about N762bn in the first four months of 2025. Figures from various reports of the Nigerian Electricity Regulatory Commission (NERC) showed that the subsidy on power was approximately N178bn in January. It rose to N194bn...

FG to Settle N2trn Debt Owed to GenCos by December

FG to Settle N2trn Debt Owed to GenCos by December   The Minister of Power, Adebayo Adelabu, has announced that the government has outlined plans to offset N2trn out of the N4tn debt owed to power generation companies by the end of the current year. He said...

Power Outages Decrease Following 700MW Addition to National Grid – Power Minister

The Federal Government has announced a significant improvement in the stability of Nigeria’s power grid, attributing it to the installation of an additional 700 megawatts in transmission capacity.