Federal Government says electricity subsidy gulps 30billion naira per month

 Federal Government says electricity subsidy gulps 30billion naira per month

Federal Government says electricity subsidy gulps 30billion naira per month

The Federal Government has said that the amount spent on subsidising electricity every month in Nigeria is now about 30billion naira.

It disclosed that the government’s subsidy on electricity had been reduced by 20billion naira monthly following improvements in the collection of power tariffs by distribution companies.

The government stated this in a document on the progress and overview of Nigeria’s power sector.

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In February this year, the Minister of Power, Sale Mamman, stated that the Federal Government was subsidising electricity supply across the country to the tune of over 50billion naira monthly. Mamman had explained that the subsidy spending was because the government was worried by the incessant complaints by ordinary Nigerians over the unavoidable and periodic increase in the cost of electricity.

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