How Cost-Reflective Tariff Gap Costs FG ₦2.49trn in Two Years

By Sunday Michael Ogwu In a development that underscores the deep fiscal strain in Nigeria’s electricity sector, the Federal Government has spent an estimated ₦2.49 trillion on electricity subsidies between Q1 2024 and Q1 2025, according to newly released data from the Nigerian Electricity Regulatory Commission (NERC). This cumulative subsidy was necessitated by the persistent...