This was disclosed by the Executive Director of PowerUpNigeria, a power consumer advocacy group, Adetayo Adegbemle, at the power conference held recently in Abuja.
According to Adegbemle, the FG initiated subsidy in the electricity sector as a policy consideration aimed to help consumers who may not truly afford the high cost of the tariff.
Speaking further, he said the subsidy regime in the electricity industry was also set up to stabilise the country’s economy by ensuring a stable power supply and as a political tool aimed at mitigating possible social unrest.
