The Nigerian Electricity Regulatory Commission (NERC) said the federal government incurred a subsidy obligation of N135.23 billion on electricity in the second quarter of the year.
The NERC disclosed this in its quarterly report released on Monday.
The report said in the absence of cost-reflective tariffs, the government undertakes to cover the resultant gap (between the cost-reflective and allowed tariff) in the form of tariff shortfall funding.
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