Electricity subsidy: FG pays N205b, DisCos withhold N50b in Q3 2023 — NERC
The Federal Government paid about N205 billion as electricity subsidy in the third quarter of last year, according to data obtained from the Nigerian Electricity Regulatory Commission (NERC), latest report. The commission’s third quarterly market report revealed that the government incurred a subsidy obligation of about N205 billion in 2023/Q3 (average of N68 billion per month), which is an increase …