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FG to remove subsidy on...

FG to remove subsidy on electricity over...

Government to revoke licenses of...

Government to revoke licenses of underperformed power...

FG to remove subsidy on electricity over $1.3 billion debt to power companies

FG to remove subsidy on electricity over $1.3 billion debt to power companies The Minister of Power, Adebayo Adelabu, has revealed that the federal government is planning to shift towards a sustainable tariff model, citing the country's substantial debts to power generating and gas companies. In a press conference held in Abuja, Adelabu stated that the current 1.3 trillion naira debt to GenCos and 1.3 billion dollars owed to gas companies underscores the urgency of moving away from subsidizing electricity. With only 450 billion naira allocated for subsidies this year against the...
Neptune Prime -
News

FG to remove...

FG to remove subsidy on electricity over $1.3 billion debt to power companies The Minister of Power, Adebayo Adelabu, has revealed that the federal government...
Neptune Prime -
Energy & Power

Government to revoke...

Government to revoke licenses of underperformed power companies   The Federal Government of Nigeria has announced that it will not renew licensing agreements for electricity distribution...
Jane AISO -
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