The Federal Government has said it spends about 30 billion naira to subsidize electricity every month in Nigeria.
The government stated this in a document on the progress and overview of Nigeria’s power sector.
It disclosed that the government’s subsidy on electricity had been reduced by 20 billion naira monthly following improvements in the collection of power tariffs by distribution companies.
In February this year, the Minister of Power, SALE MAMMAN, explained that the subsidy spending was because the government was worried by the complaints of ordinary Nigerians over the unavoidable and periodic increase in the cost of electricity.