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FG Spends ₦380bn On Electricity Subsidy In Second Quarter —NERC

The Federal Government paid a total of ₦38bn as a subsidy on electricity consumption in the second quarter of 2024, a report by the Nigerian Electricity Regulatory Commission (NERC), has revealed. The report, covering April to June 2024, also revealed that the government assumed responsibility for 52 per cent of total generation costs, amounting to …

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