Subsidy payments on electricity gulped over N633.30 billion in the first quarter of 2024, representing a 150.5 per cent increase from ₦252.76 billion in Q4, 2023. The total amount spent on subsidy in the first three months of the year is also higher than N628.61 billion paid as a subsidy from January to December 2023. BusinessDay’s check showed that subsidy gulped N36.02 billion in the first quarter, N135.23 billion in the second quarter, N204.6 billion in the third quarter and N252.76 billion in the fourth quarter of 2023. READ ALSO:…
Read MoreElectricity Subsidy Jumps Over 150% To N633bn Despite Tariff Increase
