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Nigerians Face More Hardship As Electricity Price Soar

Adams Bamidele by Adams Bamidele
April 2, 2024
in Featured, News
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Nigerians Face More Hardship As Electricity Price Soar
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Nigerians face soaring electricity bills if the government goes ahead with plans to scrap its subsidy for 15% of consumers.

Doing so would save the public purse $2.6bn (£2bn) but only heap more pressure on millions of people struggling under a cost-of-living crisis.

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The move was announced by presidential spokesperson Bayo Onanuga on Tuesday, as a way to ease pressure on public finances.

He did not say when the rate would go up, but said rates had last been reviewed in 2020.

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