subsidy – Daily Reporters

Tinubu Speaks On Subsidy Removal, Gives Reason For His Action

February 28, 2024March 13, 2024AdminLeave a Comment

President Bola Tinubu explained on Tuesday that the decision taken to remove subsidy on petrol was a challenging one but necessary to ensure a transparent and accountable energy sector. The President, who spoke at the opening of the 2024 Nigeria International Energy Summit, NIES, in Abuja, acknowledged that the decision has led to hardship, especially […]

We can no longer continue to subsidise electricity – Nigerian govt

February 15, 2024March 13, 2024AdminLeave a Comment

The Minister of Power, Adebayo Adelabu, has declared that the country can no longer continue to subsidise electricity. According to the minister, Nigeria must begin to move towards a cost-effective tariff model, adding that the country is currently indebted to the tune of 1.3 trillion naira to generating companies (GenCos) and 1.3 billion dollars owed […]