By Adedapo Adesanya The Minister of Power, Mr Adebayo Adelabu, has disclosed that the federal government owes about N300 billion for electricity subsidy while also pointing to the fact that the country needs about N2.8 trillion to subsidise electricity and avoid increment in electricity tariff for the rest of the year. The Minister stated this on Monday when he appeared before the Senate Committee on Power to discuss increment in electricity tariff. “There has not been funding for this subsidy and this has culminated into each debt yearly now for the operators in the industry, especially the generating companies and the
Electricity Subsidy to Gulp N2.8trn in 2024—Adelabu
