The Federal Government has announced plans to gradually phase out power sector subsidy payments starting in 2027, though officials say Nigerians won’t lose any benefits and tariffs won’t rise immediately.
FG to Phase Out Power Sector Subsidy from Next Year
Change is coming to Nigeria’s power sector, but gradually. Per TheCable, Minister of Power Joseph Tegbe announced during a media interactive session on Friday that subsidy payments will be phased out from 2027, as the government grapples with mounting power sector debt.
Tegbe said the removal will happen in stages, assuring Nigerians they “will not be deprived of any benefits” during the transition. He also reiterated that there are no plans to raise electricity tariffs in the immediate term.
Further details on the phase-out plan are expected as the story develops.
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