N2.8trn debt: FG to end electricity subsidy next year

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No plans to increase tariff beyond current levels

 

By Adewale Sanyaolu

The Federal Government on Friday unveiled plans to begin phasing out electricity subsidies from 2027. Government said it is 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,…

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