FG plans N450bn power intervention fund

FG plans N450bn power intervention fund

In 2024, the Federal Government of Nigeria is planning to allocate a budget of N450 billion for power interventions, as revealed in a budget analysis by the Nigerian Bulk Electricity Trading Company. This allocation is categorized under the firm’s capital expenditure. The Government Owned Enterprise’s total planned expenditure for 2024 amounts to N454.81 billion.informationguidenigeria The … Read more

Electricity subsidy gulps N376bn, consumers pay N783bn

Electricity subsidy gulps N376bn, consumers pay N783bn

The Federal Government of Nigeria has expended a total of N375.8 billion on electricity subsidies from January to September 2023, according to a report by Okechukwu Nnodim and Edidiong Ikpoto. During this same period, power consumers in the country paid a total of N782.6 billion for electricity, despite experiencing blackouts in many regions.JAMB Result This … Read more