Electricity tariff gulps N540bn in 2019 – NERC

The Nigerian Electricity Regulatory Commission says the Federal Government spent N540 billion subsidisingelectricity in 2019, stressing the need to put an end to subsidy.

NERC Vice-Chairman, Sanusi Garba, who also doubles as a commissioner at the commission, says the amount spent on electricity subsidy should be channeled to the health and education sectors.

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Mr Garba also said and that power users should pay for what they consume, instead of relying on government paying subsidy on electricity every year which is not in the best interest of Nigeria to continue shifting tariff review.

He further urged Nigerians to understand the need to end subsidy on electricity as well as review tariffs as the implication will result to service plummeting significantly.

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