FG saves N1trn through tariff reform, NERC claims

Garba, who spoke in Abuja at the recent Power Sector Ministerial Retreat, said the reform also reduced the FG’s subsidy obligation from N528 billion in 2019 to N155 billion in 2022.

The NERC boss also noted that the commission had also improved electricity market liquidity as it achieved 198 percent growth in revenues.

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