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...
NERC Blames DisCos for Safety Lapses as Deaths, Injuries Mar Q1 Performance
The Nigerian Electricity Regulatory Commission has accused the distribution companies of non-compliance with safety guidelines which resulted in the death of 12 people and 14 others sustained injuries in electricity-related accidents across Nigeria...
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that the federal government spent N1.94 trillion on electricity subsidies in 2024 due to the continued gap between customer tariffs and actual market costs.
Despite the various initiatives aimed at tackling estimated billing and enhancing customer satisfaction, over half of Nigeria’s electricity consumers remain unmetered.
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.
NERC Reveals Benin and Togo's $11m Electricity Debt to Nigeria
The Republics of Benin and Togo have failed to pay over $11m owed to Nigeria for electricity supplied in the first quarter of 2025, according to the latest report from the Nigerian Electricity Regulatory Commission...
