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Nairaland Forum / Nairaland / General / Family / FG Paid Just N36bn For Electricity Subsidy (330 Views)
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FG Paid Just N36bn For Electricity Subsidy by NaijaBookings: 7:31am On Aug 08, 2023 |
FG paid just N36bn for electricity subsidy in three months — NERC. The Nigerian Electricity Regulation Commission (NERC) has said the F.G paid the sum of N36billion to subsidise electricity consumption in the first quarter of 2023. According to DailyTrust, NERC said in its quarterly report that the money amounted to the payment of N12 billion monthly paid to the Nigerian Bulk Electricity Trading (NBET). Charged with the collection of revenues due to generation companies and the Transmission Company of Nigeria (TCN) from the DisCos, the sum of N141.5billion was paid to the NBET from the N209.2billion invoice given to the DisCos. NERC said the government intervention was made due to the “absence of cost-reflective tariffs, the government undertakes to cover the resultant gap (between the cost-reflective and allowed tariff) in the form of tariff shortfall funding. This funding is applied to the NBET invoices that are to be paid by DisCos. 1 Like 1 Share |
Re: FG Paid Just N36bn For Electricity Subsidy by uzohrome(m): 7:43am On Aug 08, 2023 |
Subsidy here subsidy that... its well 1 Like 2 Shares |
Re: FG Paid Just N36bn For Electricity Subsidy by budaatum: 7:47am On Aug 08, 2023 |
Scrap electricity subsidy! Though not yet, since we are not yet settled with fuel subsidy removal. But soon. Then scrap that labour subsidy called NYSC! 1 Like 1 Share |
Re: FG Paid Just N36bn For Electricity Subsidy by Nbote(m): 8:21am On Aug 08, 2023 |
budaatum: The whole subsidy claims by the FG is all noise to loot public funds. NERC have been silently reviewing electricity tariffs since last year and have since July increased it to almost 100 naira to 1 unit. The FG have learnt a new trick of giving a dog a bad name just so they can claim to hang it |
Re: FG Paid Just N36bn For Electricity Subsidy by duduade: 8:22am On Aug 08, 2023 |
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Re: FG Paid Just N36bn For Electricity Subsidy by duduade: 8:24am On Aug 08, 2023 |
We just left fuel subsidy Una don come with another one called light subsidy We don't want.. Kwarrupt souls ... Na that light go electrocute una 2 Likes 1 Share |
Re: FG Paid Just N36bn For Electricity Subsidy by Westerhoffe(m): 8:31am On Aug 08, 2023 |
![]() From fuel subsidy to electricity subsidy… I think the people will prefer food subsidy and transportation if there is none at the moment. |
Re: FG Paid Just N36bn For Electricity Subsidy by budaatum: 9:47am On Aug 08, 2023 |
Nbote:It can't be "all noise" since there would be an accounting record somewhere to confirm or deny it. More investigation required, is what I see here. |
Re: FG Paid Just N36bn For Electricity Subsidy by Nbote(m): 11:55am On Aug 08, 2023 |
budaatum: Who will investigate? The same people who are the beneficiaries ![]() |
Re: FG Paid Just N36bn For Electricity Subsidy by lordm(m): 3:23pm On Aug 08, 2023 |
They should remove it as well. Let's know where we are |
Re: FG Paid Just N36bn For Electricity Subsidy by Godsownfc(m): 8:32am On Aug 09, 2023 |
Mtcheww, and electricity bill is still high |
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