FG unveils plans to increase electricity tariffs again, seeks $15 billion private investments

  • The federal government of Nigeria has said that it wants to attract up to $15 billion in private investments into the power sector
  • The government also unveiled plans to increase the electricity tariff for Nigerians to reflect the full cost
  • Nigerian government still spends trillions of naira on energy subsidy despite removing subsidy for Band A subscribers last year

Legit.ng journalist Ruth Okwumbu-Imafidon has over a decade of experience in business reporting across digital and mainstream media.

The Federal Government of Nigeria has revealed that it will require up to $15 billion in private investments to solve teething problems in the power sector.