The Nigerian Electricity Regulatory Commission (NERC) says the country incurred an electricity subsidy debt of N536.4 billion in the first quarter (Q1) of 2025. In its recent 2025 first quarter (Q1) report, the NERC attributed the accumulated sum to the lack of cost-reflective tariffs across all electricity distribution companies (DisCos). “It is important to note that due to the absence of cost-reflective tariffs across all DisCos, the Government incurred a subsidy obligation of N536.40 billion (59.16% of total NBET invoice) in 2025/Q1,” the commission said. “Between 2024/Q4 and 2025/Q1, the…
Read MoreElectricity Subsidy Gulped N536bn In Q1, Says NERC
