- The Nigerian government has disclosed that it paid N136 billion as electricity subsidy in 2023
- The Nigerians Electricity Regulatory Commission (NERC) said the amount was due to a lack of cost-reflective tariffs
- NERC said electricity consumers in Nigeria were billed N1.06 trillion but paid N782.6 billion as electricity bills in the first nine months of this year
Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.
The Nigerian government said it spent N375.8 billion on electricity subsidies between January and September this year, while consumers paid about N782.6 billion for the commodity in the same period.
