Channels Television·3 min read·medium
FG Targets End To Power Subsidy In 2027, Rules Out Immediate Tariff Hike
T
Tom Jones Usen
✦AI Summary
The Nigerian government plans to phase out electricity subsidies by 2027 to improve sector sustainability. Officials clarified that there are no immediate plans to increase electricity tariffs for consumers.
The Federal Government has announced plans to phase out electricity subsidies next year as part of broader reforms aimed at restoring the financial sustainability of Nigeria’s power sector, while assuring Nigerians that there is no immediate plan to increase electricity tariffs.
economypoliticsbusiness
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