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The FG says it will gradually end electricity subsidy and introduce cost-reflective tariffs while protecting poor and vulnerable NigeriansThe reforms are expected to be implemented within the next year under the proposed Power Consumer Assistance FundThe government also said Nigeria needs between $9 billion and $12 billion in annual power sector investments through 2045
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Federal Government has reiterated its commitment to gradually eliminate electricity subsidy and implement cost-reflective tariffs across Nigeria’s power sector, while assuring that low-income and vulnerable households will receive targeted support to cushion the impact of the reforms.
Electricity Bills Set to Rise as FG Confirms Plan to Scrap Power Subsidies Across NigeriaSource: UGC
The assurance was given by the Special Adviser to the President on Power Infrastructure, Sadiq Wanka, during the Asharami Square 3.0 event organised by Sahara Group in Lagos on
