FG to Spend N2.4 Trillion on Electricity Subsidies by End of Year.

The Federal Government plans to spend approximately $6.7 billion (N2.4 trillion) on electricity subsidies by the end of the year, according to the Nigerian Electricity Regulatory Commission.

The Federal Government has announced plans to allocate approximately N2.4 trillion for electricity subsidies by the end of this year, as mandated by its Nigerian Electricity Regulatory Commission. This significant expenditure is aimed at supporting the country's power sector and ensuring affordable energy supply to its citizens. The subsidy allocation is expected to have a substantial impact on the nation's energy landscape, providing relief to consumers and promoting sustainable development.