In 2023, the Federal Government spent N628.61 billion on electricity subsidies, while power distribution companies (Discos) collected a total revenue of N1.08 trillion, according to recent data from the Nigerian Electricity Regulatory Commission (NERC). Quarterly Breakdown of Subsidies and Revenues An analysis of NERC’s figures revealed a consistent increase in electricity subsidies each quarter: During … Continue reading Electricity Subsidies Cost FG N629bn as Discos Generate N1.1tn in 2023