The Federal Government says it can no longer sustain electricity tariff shortfall payments while pursuing its ambition of providing reliable power to Nigerians, as the Minister of Power, Joseph Tegbe, signals a shift towards commercially driven electricity arrangements.
The Federal Government has indicated that the existing approach to financing electricity tariff shortfalls may no longer be sustainable, raising fresh questions about the future of electricity pricing, government subsidies and power supply in Nigeria.
Minister of Power Joseph Tegbe made the remarks at an energy conference organised by the Harvard Business School Association of Nigeria in Lagos on Friday, where industry experts examined the structural and financial challenges confronting the country’s electricity sector.
Originally published by
globaltimesnigeria.com
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