Discos Deny Getting Subsidy From FG
Electricity distribution companies, under the aegis of Association of National Electricity Distributors (ANED), has said they had not received any subsidy from the Federal Government since the privatisation of the power sector.
The Discos’s claim was a response to Power...
Electricity: FG Threatens Discos, Says Subsidy Can’t Continue
The Federal Government said on Wednesday that it would not continue to subsidise the power sector.
It called on power distribution companies to improve on their financial and technical capacities to deliver or the government would intervene more...
BPE Opposes Gencos, Discos’ Sale Reversal, Proposes Subsidy
The Bureau of Public Enterprises has opposed the reversal of the privatisation of the country’s power sector despite calls on government from different quarters to repossess the power generation and distribution companies.
The bureau is also targeting the...
Nigeria Needs To Reduce Fuel Subsidy Now - IMF
The International Monetary Fund has said Nigeria needs to reduce fuel subsidy at a time when oil prices are low in order to bring about more productive government spending.
The IMF, in its new Regional Economic Outlook...
Nigeria Subsidises Petrol Consumption For Other African Countries
The massive petrol subsidy currently being reported by the Nigerian National Petroleum Corporation (NNPC), may be a reflection of petrol consumption not only by Nigerians, but also those used by neighbouring African countries.
This development is being justified...
Oil Subsidy Rises As NNPC Imports Grow By 34%
The Nigerian National Petroleum Corporation has spent more on petrol subsidy this year than it did last year on the back of increased imports and the rally in crude oil prices.
The nation imported a total of...
