N2.8trn debt: FG ends electricity subsidy, assures no tariff hike

By Adewale Sanyaolu

The Federal Government on Friday ruled out any immediate increase in electricity tariffs but unveiled plans to begin phasing out electricity subsidies from 2027 as part of sweeping reforms aimed at rescuing Nigeria’s financially distressed power sector.

Minister of Power, Joseph Tegbe, disclosed the plan at a Media Stakeholders Session in Lagos on Friday, saying the gradual…