N2.9tr spent on electricity subsidy not sustainable – Minister

The Minister of Power, Adebayo Adelabu, said yesterday, April 5, that this week’s hike in electricity tariff for Band A customers was informed by the realization that spending almost 10 per cent of the nation’s national budget on subsiding electricity alone was unsustainable. Adelabu stated this during a Ministerial Press Briefing organised by the Ministry […] More

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