Tag: MYTO

Govt’s Spending On Electricity Subsidy Hits N762 Billion

Ganiyu Amodu

. Fresh facts and figures NERC just published on power sector reveal more   Electricity subsidy has increased to about N762bn in the first four months of 2025. Figures from various reports of the Nigerian Electricity Regulatory Commission showed that the subsidy on power was approximately N178bn in January. It rose to N194bn in February, N192bn in March, and N194bn in April. The Federal Government is therefore going to pay a sum of N198.42bn as electricity subsidy in April. According to a recent media report, the amount is N5.82bn higher…

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Nigerians Pay more For Electricity As Discos Hike Tariff to N56.28 pkwh

ADEOLA YUSUF

“Not power supply, neither generation nor transmission, the only thing in Nigeria’s Electricity sector that has consistently and geometrically increased since privatisation is tariff imposed on customers. Sadly, what we have here is a case of an expensive darkness.”   The Electricity distribution companies (DisCos) have hiked tariffs for customers in full compliance to the Multi-Year Tarrif Order (MYTO) given to them by the Nigerian Electricity Regulatory Commission (NERC). Platforms Africa reports that the NERC on Thursday officially released different documents indicating the approved power tariff increase payable by consumers…

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