The Senate has kicked against plans by the Ministry of Power to approve the proposed hikes in electricity tariff by Distribution companies.

The Senate also rejected plans to remove electricity subsidy given the present hardships in the country.

The upper chamber also directed the committee on power to investigate the N2tn required for electricity subsidy payment, other debts owed in the sector, and the state of metering in the country.

The resolution of the Senate followed its consideration and approval of a motion moved by Senator Aminu Abbas (PDP, Adamawa Central) during plenary on the need to retain subsidy on electricity in the country for the foreseeable future.
The Minister of Power, Adebayo Adelabu, disclosed at a press conference in Abuja that Nigeria was not likely to sustain the current electricity subsidy payment.

He explained that the indebtedness of the country’s power sector to electricity-generating companies (GenCos) and gas companies (GasCos) had risen to over N3tn.

February 22, 2024

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