N3.2trn subsidy required to reverse electricity tariff hike — NERC

The Chairman of the Nigeria Electricity Regulatory Commission, Sanusi Garba, on Thursday, said the Federal Government of Nigeria will need about N3.2trn in 2024 to reverse the recent hike in electricity tariff. He added that if a total sectoral overhauling was not carried out, including fluctuation in foreign exchange, power supply in Nigeria would continue