FG spends N358.3bn on electricity subsidy in Q1 2026 – NERC

AI Summary

The Nigerian Federal Government spent N358.3 billion on electricity subsidies during Q1 2026 to reduce the gap between consumer electricity tariffs and the actual costs, according to the Nigerian Electricity Regulatory Commission. This reflects ongoing efforts to stabilize electricity affordability amid cost challenges.

By Obas Esiedesa, Abuja ABUJA – The Federal Government incurred an electricity tariff subsidy of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC). In its First […] The post FG spends N358.3bn on electricity subsidy in Q1 2026 – NERC appeared first on Vanguard News.