Nigerian Govt Declares It Can No Longer Continue To Subsidise Electricity

Date: 14-02-2024 8:54 pm (2 months ago) | Author: Olusanya Akinrinola
- at 14-02-2024 08:54 PM (2 months ago)
(m)

The Minister of Power, Adebayo Adelabu, has declared that the country can no longer continue to subsidise electricity.

According to the minister, Nigeria must begin to move towards a cost-effective tariff model, adding that the country is currently indebted to the tune of 1.3 trillion naira to generating companies (GenCos) and 1.3 billion dollars owed gas companies.

Adelabu said this when he addressed a press conference in Abuja on Wednesday, disclosing that only 450 billion naira was budgeted for subsidy this year.

He said that the ministry needs over two trillion naira to effect subsidy.

The minister said that states will now be allowed to generate power independently.

Posted: at 14-02-2024 08:54 PM (2 months ago) | Hero
- nikiniki at 14-02-2024 09:26 PM (2 months ago)
(f)
Kuku remove all your cables! Afterall, the whole process and distribution is enmeshed in corruption and, the electricity is not kuku available for use anyways. There is no sector that is sane in Nigeria. If there is a steady power supply, it will be cheaper than using generators and people will pay for their consumption and the electricity dependent businesses will flourish! . But reverse is the case.
Posted: at 14-02-2024 09:26 PM (2 months ago) | Gistmaniac
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- Bebold at 14-02-2024 10:25 PM (2 months ago)
(m)
lol hard times is just starting
Posted: at 14-02-2024 10:25 PM (2 months ago) | Gistmaniac
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- gogoman at 14-02-2024 10:45 PM (2 months ago)
Online (m)
as if there is light  Roll Eyes Roll Eyes Roll Eyes
Posted: at 14-02-2024 10:45 PM (2 months ago) | Grande Master
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- Dopybadass at 15-02-2024 12:07 AM (2 months ago)
(m)
Nigeria youths mumu sha, these people needs to be dragged out in the market center and stone them to death, wetin this okpoku dey talk
Posted: at 15-02-2024 12:07 AM (2 months ago) | Gistmaniac
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- Bebold at 15-02-2024 12:44 AM (2 months ago)
(m)
Quote from: Dopybadass on 15-02-2024 12:07 AM
Nigeria youths mumu sha, these people needs to be dragged out in the market center and stone them to death, wetin this okpoku dey talk

Correct they are bigger than Mumu but fool and weak liver
Posted: at 15-02-2024 12:44 AM (2 months ago) | Gistmaniac
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- fineboy77 at 15-02-2024 01:44 AM (2 months ago)
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Quote from: nikiniki on 14-02-2024 09:26 PM
Kuku remove all your cables! Afterall, the whole process and distribution is enmeshed in corruption and, the electricity is not kuku available for use anyways. There is no sector that is sane in Nigeria. If there is a steady power supply, it will be cheaper than using generators and people will pay for their consumption and the electricity dependent businesses will flourish! . But reverse is the case.
Exactly
Posted: at 15-02-2024 01:44 AM (2 months ago) | Addicted Hero
Reply
- kp45 at 15-02-2024 07:28 AM (2 months ago)
(m)
Has there been better light before Huh? What now is to remove subsidy on food  Shocked
Posted: at 15-02-2024 07:28 AM (2 months ago) | Addicted Hero
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- ficull at 15-02-2024 09:16 AM (2 months ago)
(m)
Una never see anything. Toll gates are returning soon too because roads are subsidized. Lol. Una allow criminal to govern una. Expect correct shege.
Posted: at 15-02-2024 09:16 AM (2 months ago) | Gistmaniac
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