The electricity subsidy paid by the Federal Government surged to N181.63 billion in September, up from N102.30 billion in May, indicating a potential tariff increase for customers on Band A feeders. In April, the Nigerian Electricity Regulatory Commission (NERC) announced the removal of subsidies for customers on Band A feeders, raising their tariff to N225 … Read more
President Bola Ahmed Tinubu has approved a 50 percent electricity subsidy for federal universities, polytechnics, colleges of education, and various teaching hospitals. The announcement was made by Dr. Tunji Alausa, Minister of State for Health, during a press briefing in Kaduna. Dr. Alausa highlighted that the Ministry of Power is currently working on the details … Read more
Eko Hot Blog reports that the Nigeria Labour Congress has blamed the International Monetary Fund, IMF, and World Bank for the power sector crisis in Nigeria. This came as workers in the nation’s power sector called for a total review of the power sector privatization, saying the exercise was a huge failure that did not … Read more
EKO HOT BLOG reports that the Federal government has said it cannot continue to subsidise electricity for Nigerians. The Minister of Power, Adebayo Adelabu, stated this on Wednesday while briefing State House correspondents in Abuja. Adelabu said the poor electricity supply situation in the country was caused by numerous issues including outstanding subsidy debts. EDITOR’S PICKS … Read more
Eko Hot Blog reports that the Federal Government has on Thursday disclosed its intension to spend over N900 billion before the end of December to subsidise the operations of the power sector. Speaking with the Nigeria Union of Electricity Employees (NUEE), in Abuja, Minister of Power, Adebayo Adelabu queried the essence of privatising the assets … Read more
The Nigeria Labour Congress (NLC) has described the position of the federal government that it is voting huge sums of money to subsidise electricity in the country as indefensible. It said the idea of subsidising private sector concerns is economically wrong. Against the background of concerns expressed by Nigerians over the huge amount spent by … Read more