Electricity Subsidy Gulps N376bn, Consumers Pay N783bn
It has been revealed that the Federal Government spent N375.8billion naira on electricity subsidy between January and September this year, as power consumers paid a total of N782.6billion naira for the commodity during the same period.
The latest power subsidy figures obtained in Abuja from the Nigerian Electricity Regulatory Commission, an agency of the Federal Government, showed that the government subsidised electricity in the first, second and third quarters of 2023.
It was also gathered that power distribution companies billed electricity users a total of N1.06trillion naira nationwide during the nine-month period, but collected N782.6billion naira despite the blackouts in many parts of Nigeria.
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