Electricity subsidy in Nigeria has risen exponentially to about N6 trillion in the last 10 years, even as the President Bola Tinubu administration struggles to keep a commitment to funding the power
Electricity subsidy in Nigeria has risen exponentially to about N6 trillion in the last 10 years, even as the President Bola Tinubu administration struggles to keep a commitment to funding the power
From 2015 to 2023, Nigeria allocated N3.2 trillion for electricity subsidies, and in 2024, an additional N1.6 trillion is projected to be spent. This accumulates to an electricity tariff shortfall of N4.8