By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: FG Announces N1.6trn Subsidy For Nigerians
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | FG Announces N1.6trn Subsidy For Nigerians

News

FG Announces N1.6trn Subsidy For Nigerians

Tare Magbei
Tare Magbei
Published: June 13, 2025
Last updated: June 13, 2025
4 Min Read
Share
FG Announces N1.6trn Subsidy For Nigerians
SHARE

The Federal Government of Nigeria has announced a N1.6 trillion electricity subsidy for Nigerians.

Daily Report Nigeria reports that the government also halted its initial plan to hike electricity tariff for citizens.

This is as the Nigerian Electricity Regulatory Commission, NERC, yesterday, released new electricity tariff regime for the eleven electricity distribution companies, DisCos.

By the announcement, the government will pay an average of N120 billion monthly to subsidize power for its citizens.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The NERC stated that with the new policy electricity tariff will remain as it has been since December, 2022.

An analysis of the order according to DisCos showed that the government will in 2024 pay N233.26 billion (or N19.44 billion monthly) as subsidies for consumers under the Abuja Electricity Distribution Company, AEDC, franchise.

NERC stated that AEDC had applied for N151.07 as cost reflective tariff per kilowatt hour but the Commission approved N120.88/kWh.

With the tariff freeze, consumers would be charged only N63.24/kWh while the government will pay N58.12/kWh.

For electricity consumers served by Ikeja Electric, the government will pay N238.20 billion (or 19.85 billion monthly) as subsidies in 2024. IKEDC had for N128.18/kWh as cost reflective tariff, the Commission approved N112.10/kWh. With the tariff freeze, consumers will be charged only N56.60/kWh while the government will pay N55.50/kWh as subsidy.

READ ALSO: INEC Commences Status Verification of Political Parties

NERC also disclosed that for consumers in Enugu DisCo’s franchise area, the government will pay N129.92 billion pay (or N10.74 billion monthly) as subsidies in 2024. EEDC had applied for N155/kWh as cost reflective tariff, the Commission approved N128/kWh. With the tariff freeze, consumers will be charged N59/kWh while the government will pay N69.40/kWh as subsidy.

Benin DisCo, the Commission said consumers will enjoy a cumulative subsidy of N140.85 billion (or N11.74 billion monthly). The utility had applied for an astronomical N277.70/kWh as cost reflective but got approval of N126/kWh from the regulator. The new policy means consumers will pay N60.10/kWh while the government will pay N65.90/kWh as subsidy.

Speaking to journalists in Abuja, NERC Chairman, Engr. Sanusi Garba explained that though the new Multi-Year Tariff Order 2024 has approved increases in rates, the decision of the Federal Government means consumers will not be paying higher price for electricity.

He explained: “For the first time, we have published what each DisCo should charge and we have also published the amount they are allowed to charge based on government policy because the government has decided to in the meantime continue to pay subsidies.

“If you check the order, you will see that tariffs are not going up but you will see what the DisCos should have been charging and you can also see in the tariff order the amount of subsidies the government will be paying to cover the gap”, he added.

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:FGNERCSubsidyTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Rashford, Sancho, Antony, Garnacho, Malacia Tell Man Utd They're Leaving | Daily Report Nigeria
Rashford, Sancho, Antony, Garnacho, Malacia Tell Man Utd They’re Leaving
Sports
JUST IN : Ahmed Musa Named Kano Pillars’ New General Manager | Daily Report Nigeria
JUST IN : Ahmed Musa Named Kano Pillars’ New General Manager
Sports
Thomas Partey Charged with Multiple Counts of Rape and Sexual Assault | Daily Report Nigeria
Thomas Partey Charged with Multiple Counts of Rape and Sexual Assault
Sports
Senate
Court Finds Senator Natasha Guilty of Contempt, Fines Her N5m
Politics
RERO TV Marks 5th Anniversary with Grand Celebration in Sapele | Daily Report Nigeria
RERO TV Marks 5th Anniversary with Grand Celebration in Sapele
News

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

BREAKING: Lagos Shutdown Event Centre Over Petrol Souvenir | Daily Report Nigeria
News

BREAKING: Lagos Shutdown Event Centre Over Petrol Souvenir

June 14, 2025
"Barred Line, Not Because Of Protest" - Telecom Operators | Daily Report Nigeria
GistsNews

“Barred Line, Not Because Of Protest” – Telecom Operators

June 14, 2025
How I Fed Over 2,500 People In Kirikiri Prison – Bobrisky | Daily Report Nigeria
Entertainment

How I Fed Over 2,500 People In Kirikiri Prison – Bobrisky

June 5, 2025
Egbema Kingship Tussle: 'We Have No Preferred Candidate,' ELOT Replies Asekutu | Daily Report Nigeria
News

Egbema Kingship Tussle: ‘We Have No Preferred Candidate,’ ELOT Replies Asekutu

June 15, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?