Tag: Electricity

  • ELECTRICITY SUBSIDY INCREASES BY 220% TO OVER N2tn

    ELECTRICITY SUBSIDY INCREASES BY 220% TO OVER N2tn

    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…

  • NIGERIA SHOULD TARGET 60,000MW ELECTRICITY GENERATION -DANGOTE

    NIGERIA SHOULD TARGET 60,000MW ELECTRICITY GENERATION -DANGOTE

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    President of the Dangote Group, Aliko Dangote has criticized Nigeria’s low power generation of 4,500–5,000 MW, arguing that the country should aim for 50,000–60,000 MW.   Speaking during a tour of the Dangote Refinery in Lagos, he noted that his conglomerate alone generates over 1,500 MW for internal use, demonstrating the potential for large-scale power…