Electricity subsidy hits N1.91tn in 11 months

Electricity subsidy hits N1.91tn in 11 months

The monthly spending of the Federal Government on electricity subsidy obligation has reached N1.91tn in the first 11 months of 2024, a new report by the Nigerian Electricity Regulatory Commission has disclosed. It also stated that power distribution companies collected a total revenue of N1.23tn during the first nine months of 2024, exceeding the total

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