Current electricity tariff no longer realistic, says Presidency

The Federal Government has disclosed plans to remove electricity subsidy for 15 per cent of consumers.⁣ ⁣ The move would reduce its N3.3tn cost and save the government about N1.1tn annually, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, told Reuters on Tuesday. ⁣ ⁣ Onanuga said the Bola Tinubu-led administration was poised

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