The Nigerian Electricity Regulatory Commission (NERC) says the Federal Government spent N540 billion subsidizing electricity in 2019.
The commission further stressed on the need to put an end to subsidy in the sector. NERC Vice-Chairman, Sanusi Garba, who disclosed this, said that the amount spent on electricity subsidy should have been channelled to the health sector. He added that power users should pay for what they consume, instead of relying on government paying subsidy on electricity every year. According to him, it is not in the best interest of Nigeria to continue shifting tariff review. He further urged Nigerians to understand the need to end subsidy on electricity as well as review tariff upward as this will help to significantly improve power supply.