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Electricity Subsidy May Cross N2trn as Tariff Freeze Persists
Nigeria’s electricity subsidy liability has climbed to N1.928 trillion, as regulated tariffs remain below the cost of supplying power to millions of consumers, the Nigerian Electricity Regulatory Commission (NERC) has said. NERC disclosed the figure in its latest annual performance report, attributing the rise in part to inflation and movements in the foreign exchange market, […]
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