Tag: 220%

Nigerian government’s electricity tariff subsidy has increased from N610 billion in 2023 to N1.94 trillion in 2024—a 219.67% increase—despite a tariff hike in April 2024. This rise is linked to the naira devaluation and removal of fuel subsidies, which caused high inflation. Recall In 2024, the government paid only a tiny fraction (about 0.019%) of…