FG Spends N568.5bn Yearly On Power Tariff Shortfalls – W/Bank
The Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said.
According to the global financial institution, this amount could further increase if...
FG Grants Yola Disco N5bn Loan To Procure 85,000 Meters
The federal government has granted the Yola Electricity Distribution Company (YEDC), a N5 billion loan for sourcing of 85,375 meters for its customers.
In December last year, the government said it was taking over the Disco...
