News

FG Spent N1.94tn On Electricity Subsidies In 2024 — NERC Report

The Federal Government of Nigeria spent a staggering ₦1.94 trillion on electricity subsidies in 2024, according to a new report by the Nigerian Electricity Regulatory Commission (NERC). Peak Newspaper Nigeria reports that the amount represents 62.59 percent of the total electricity invoice issued by the Nigerian Bulk Electricity Trading (NBET) Plc for the year, with […]