The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained ...

The federal government now needs no less than N2.9 trillion to subsidise electricity consumption in 2024.This is a sharp increase over the earlier projection of N1.6 trillion. The minister of power, ...

Despite federal government owing over N4trn to electricity utility companies, subsidy payment for electricity consumed in the first half of 2025 has increased to N1.186trn, analysis of monthly Multi ...

The Nigerian Electricity Regulatory Commission, on Wednesday, released the 2024 electricity tariffs which showed that the Federal Government is to shoulder about N1.6tn subsidy this year to avert ...

THERE were strong indications, weekend, that the Hydro-Electric Power Producing Areas Development Commission, HYPPADEC, could generate an average of N1.8 billion monthly for the development of host ...