FG’s Electricity Subsidies Rise 2.76% to ₦199.64bn in December — NERC
By Obas Esiedesa, Abuja The Nigerian Electricity Regulatory Commission (NERC) has reported a 2.76% increase in electricity subsidies payable by the Federal Government for December 2024, reaching ₦199.64 billion, up from ₦194.26 billion in November. This rise is attributed to fluctuations in exchange rates, inflation, and changes in power generation capacity. Electricity Tariffs Remain Frozen … Read more