Govt Says New ELectricityTariff Increment To Unlock Fiscal  Savings, Analyst Differs
Channel: Plus TV Africa
Date: 2024-04-05

The Nigerian government says the move to revise electricity tariffs is set to deliver a 52% cut in monthly subsidy expenses.

ROLL GFX: It said the reduction will see the current N261.2 billion figure fall to around N125.94 billion, unlocking a significant N135.26 billion in monthly fiscal savings.

The heart of Nigeria’s political power, Abuja, harbors the most considerable congregation of premium electricity consumers classified under Band A who will invariably bear the brunt of this cost recalibration.
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