Just another News Updates
The Federal Government has pledged to cover the revenue shortfall resulting from the disparity between cost-reflective electricity tariffs and the lower tariffs currently paid by customers of the Kano Electricity Distribution Company (KEDCO). This commitment was outlined in a supplementary order issued in September 2024 by the Nigerian Electricity Regulatory Commission (NERC) under its Multi-Year […]
Nigeria’s Minister of State for Health and Social Welfare, Dr. Tunji Alausa, has announced the Federal Government’s approval of a 50% electricity subsidy for public hospitals nationwide. The subsidy is part of a broader initiative aimed at reducing operational costs for these hospitals and easing the financial burden on patients. Dr. Alausa made this announcement […]
The National Union of Electricity Employees is calling for a rollback of the recent electricity tariff hike, expressing concerns over its impact on consumers. In a statement, the union’s president, Mr. Adebiyi Adeyeye, warned of potential strike action if the hike is not reversed. The Nigerian Electricity Regulatory Commission raised tariffs for customers receiving 20 […]
The Nigerian Electricity Regulatory Commission has given the green light for an increase in electricity tariffs for customers classified under Band A. Musliu Oseni, the Vice Chairman of NERC, disclosed that the approved increase will entail customers paying ₦225 per kilowatt-hour, up from the current rate of ₦66. Band A customers are those enjoying a […]
In a heated session on Wednesday, February 21, the Senate fervently appealed to the federal government, citing ongoing hardships, to refrain from removing the electricity subsidy. The Senate’s decision stemmed from a motion presented during plenary, championed by Senator Aminu Iya Abbas (PDP) representing Adamawa Central zone, advocating for the continuation of the subsidy in […]
In light of Nigeria’s ongoing economic challenges, the International Monetary Fund (IMF) is urging the Bola Tinubu-led administration to gradually eliminate electricity subsidies, aligning with its previous recommendation regarding fuel subsidy removal in May 2023. Highlighting the country’s fiscal burden, the IMF’s recent ‘Post Financing Assessment (PFA)’ report underscores the need for decisive action, emphasizing […]
The Federal Government’s expenditure on electricity subsidies reached ₦135.2 billion in the second quarter of 2023, a substantial increase from the ₦36 billion spent in the first quarter. This information is reported in the quarterly update from the Nigerian Electricity Regulatory Commission (NERC). According to the report, the government’s subsidy obligation in 2023/Q2 increased by […]