The recent announcement by the Minister of Power, Mr. Adebayo Adelabu, has sparked intense debate over the potential removal of electricity subsidies by the federal government. The Minister emphasized the government's commitment to settling a substantial inherited debt in the power sector, which amounts to over three trillion Naira.
According to Mr. Adelabu, the government may not be planning to remove subsidies on electricity but emphasized that electricity subsidy is no longer sustainable.
The power minister said the FG is still owing the Power Generating Companies (GenCos) a total of N1.3 trillion, which it inherited
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