Nigerian govt spent N135.2bn to subsidise electricity in three months – NERC

The Nigerian Electricity Regulatory Commission (NERC) said on Wednesday the Federal Government paid N135.23 billion to subsidise electricity consumption in the second quarter of this year.

The commission disclosed this in its Q2 2023 report posted on its website in Abuja.

NERC said the federal government spent N135.2 billion to plug the revenue shortfall in the power sector during the period.