The Federal Government has announced plans to end electricity subsidy payments from 2027 as part of efforts to tackle mounting liabilities in the power sector.
This was disclosed by the Minister of Power, Joseph Tegbe, at a media interactive session on Friday.
The minister stated that the Federal Government would phase out subsidies beginning in 2027, assuring Nigerians that the policy would not deprive citizens of the benefits currently enjoyed under the subsidy regime.
According to him, the proposal removal forms part of broader reforms aimed at ensuring the long-term sustainability of the electricity sector while tackling the financial challenges confronting the industry.
Tegbe explained that despite the planned subsidy withdrawal, there are no immediate plans to increase electricity tariffs, reassuring consumers that the government is not considering a tariff hike in the short term.
“The phase-out of electricity subsidies will begin from 2027. However, there are no immediate plans to
