Electricity subsidy no longer sustainable – FG
The Federal Government, on Wednesday, declared that it was now “very difficult to sustain subsidy on electricity” as it revealed that the country’s power debt had continued to balloon.
Minister of Power, Adebayo Adelabu, said Nigeria must begin to move towards a cost-effective tariff model, as he revealed that the country was currently indebted to the tune of N1.3tn to electricity generating companies, while the debt to gas companies was $1.3bn.
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