FG To Spend N600bn On Electricity Subsidy In 2023   The federal government might have to pay N600bn as electricity subsidy in 2023. The Chairman/CEO of the Nigerian Electricity Regulatory Commission (NERC), Engr. Sanusi Garba made the disclosure at the ministerial retreat on the Integrated National Electricity...

DisCos Say Without Subsidy, Most Nigerians Can’t Afford Cost of Electricity   The Association of Electricity Distributors of Nigeria (ANED) has said that without electricity subsidy, most Nigerians will not be able to afford the actual cost of power supplied them. This was even as it said...

Video: FCT Residents Criticise Palliative Measures, Want Government to Do More   Some residents of the Federal Capital Territory (FCT) have expressed concerns over the increase in price of goods and services caused by fuel subsidy removal. The residents lamented the proposed palliative measures meant to cushion...

We have Saved Over N1trn From Fuel Subsidy Removal - Tinubu   President Bola Ahmed Tinubu has said the administration saved over one trillion naira in two months of implementing his predecessor's fuel subsidy removal policy. The President who made this revelation in a nationwide broadcast on...

Nigeria Spends Over N13trn On Subsidy - NEITI   Nigeria expended over N13.69 trillion between 2005 to 2021 to finance subsidy payments, the Executive Secretary, Nigeria Extractive Industry Transparency Initiative (NEITI), Orji Ogbonnaya Orji, has said. “We have outlined what needs to be done in our policy...

We Will Reconcile N2.1trn Subsidy Deduction With FAAC - NNPC The Nigerian National Petroleum Company (NNPC) Limited says it would reconcile subsidy deductions with the federation. The Federation Account Allocation Committee (FAAC) had in May asked NNPCL to refund over N2.1 trillion to the federation account. NNPCL...