The Minister of Power, Adebayo Adelabu, has said that state governments will now be allowed to generate power independently.
Adelabu said this while also announcing that the Federal Government of Nigeria cannot continue to subsidise electricity.
“If governments start supplying power to their respective states, it will enable Nigeria to begin to move towards a cost-effective tariff model,” he said.
Adelabu further said it will help Nigeria a lot as the country is still owing generating companies (GenCos) 1.3 trillion naira while it’s debt to gas companies stands at a staggering 1.3 billion dollars.
