Nigerian Electricity Regulatory Commission (NERC) says the Federal Government of Nigeria spent 540 billion naira in subsidizing electricity in 2019.
According to the Nigerian Electricity Regulatory Commission (NERC) Vice-Chairman, Sanusi Garba, who spoke during an interview, stated that the amount spent on electricity subsidy should be channelled to the health sector.
He further added that electricity users should pay for the electricity they consume than relying on government to pay subsidy on electricity every year which is not in the best interest of Nigeria to continue shifting tariff review.
Mr Sanusi Garba urged Nigerians to understand the need to end subsidy on electricity as well as review tariffs as the implication will result in service reducing drastically.
The commission further stressed on the need to put an end to subsidy in the electricity sector.
