NERC-Pays N205bn Electricity Subsidy

The Commission’s third quarterly market report revealed the government incurred a subsidy obligation of about ₦205bn in 2023/Q3 (average of ₦68bn per month), which is an increase of ₦69bn compared to the ₦135bn (average of ₦45bn per month) incurred in 2023/Q2. This increase in subsidy payment, according to the report, was largely attributable to the…