Breaking News

Electricity: FG spent N540bn on subsidy in 2019 — NERC

Kindly Share This Story:

Electricity Tariff Hike: Hospitality industry under pressure to lay off workers

By Prince Okafor

The Nigerian Electricity Regulatory Commission (NERC) says the Federal Government spent N540 billion subsidizing electricity in 2019.

The commission further stressed on the need to put an end to subsidy in the sector.

NERC Vice-Chairman, Sanusi Garba, who spoke during an interview with TVC, stated that the amount spent on electricity subsidy should be channelled to the health sector.

ALSO READ: Why electricity tariff may remain high – NDPHC MD

Mr Garba also said that power users should pay for what they consume, instead of relying on government paying subsidy on electricity every year which is not in the best interest of Nigeria to continue shifting tariff review.

He further urged Nigerians to understand the need to end subsidy on electricity as well as review tariffs as the implication will result in service plummeting significantly.

Vanguard News Nigeria.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!