Electricity subsidies cost FG ₦1.94 trillion in 2024 — NERC

Electricity subsidies cost FG ₦1.94 trillion in 2024 — NERC

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that the federal government spent N1.94 trillion on electricity subsidies in 2024 due to the continued gap between customer tariffs and actual market costs. The figure, released in the commission’s 2024 annual

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