With N1.94trn in 2024, Is Electricity Subsidy Sustainable?

Power: FG incurs ₦1,949bn gross tariff subsidy shortfall in 2024

The total gross electricity subsidy tariff shortfall incurred by the Federal Government to the power sector in 2024 amounted to ₦1,949 billion. According to data sourced from the Nigerian Electricity Regulatory Commission’s newly released 2024 Annual Report, the debt was incurred as a result of a lower-than-cost-reflective tariff as computed for the year under review. As a result, NERC said the government undertook to cover the resultant gap (be…

Electricity Subsidies Cost N1.94 trillion in 2024 – NERC - Economi Confidential

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 post Electricity Subsidies Cost N1.94 trillion in 2024 – NERC appeared first on Economi Confidential.

With N1.94trn in 2024, Is Electricity Subsidy Sustainable?

The federal government spent a staggering ₦1.94 trillion on electricity subsidy in 2024, according to the Nigerian Electricity Regulatory Commission (NERC)’s latest annual report released on Monday. This amount represents 62.59 percent of the total invoice issued by the Nigerian Bulk Electricity Trading (NBET) Plc and has reignited debates about the sustainability of subsidising power […] The post With N1.94trn Consumed in 2024, Is Electricity S…