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WHY NIGERIAN ELECTRICITY SUBSIDY WILL CONTINUE TO GROW
Electricity Subsidy in Nigeria grew by 22.16 per cent from N528 billion in 2019 to N645 billion in 2023, latest figures from the Nigerian Electricity Regulatory Commission, NERC, has shown With the Commission projecting N1.6 trillion as electricity subsidy for 2024, total subsidy in the past 10 years is expected to hit N4.993 trillion by the end of the year. A breakdown of the total amount showed that the Federal Government was expected to have remitted…
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