FG’s electricity subsidy drops N37 billion as lower power offtake cuts government burden

NAIRAMETRICS | 30-09-2026 03:08pm |

The Federal Government's electricity subsidy obligation declined by N37.06 billion to N321.26 billion in the second quarter of 2026. The reduction is attributed to lower power offtake, which eased the government's financial burden. The figure represents the amount the government spent to bridge the gap between the cost of generating electricity and what consumers pay.

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