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Topic: Power minister laments as electricity subsidy rises to N3tn  (Read 857 times)

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Power minister laments as electricity subsidy rises to N3tn
« on: February 15, 2024, 01:00:52 PM »
Power minister laments as electricity subsidy rises to N3tn

The indebtedness of Nigeria’s power sector to electricity generating companies and gas producers has risen to about N3.3tn, the Federal Government declared on Wednesday. It also revealed that subsidy on electricity for 2024 would gulp about N3tn, whereas only N450bn was budgeted for this purpose in this year’s budget, adding that it was now very


 
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