“In 2022 alone, over N600bn has been paid in subsidies, and it has been estimated to skyrocket to at least N1trillion alone in 2024.” Historically, Nigerian Government has been paying electricity subsidy to the Nigeria Electricity Supply Industry (NESI). This means that there is the Cost Reflective Tariff of supplying 1kWh (kilowatt hour), and the Allowed Tariff that consumers are “allowed” to pay. This variance, otherwise called “subsidy” has now turned into an elephant in the chinaware shop. The subsidy is as a result of Government policy consideration on…
Read MoreIs Nigeria’s Subsidy On Electricity Tariff Sustainable?, By Adetayo Adegbemle
