Fact Check: Peter Obi’s Claims on Electricity Subsidy Removal
In a recent interview on Arise TV, Peter Obi criticised the government for ending petrol and electricity subsidies without adequate palliatives. He also claimed that Nigeria’s debt has risen under President Tinubu despite subsidy removal. Data from the Nigerian Electricity Regulatory Commission show that subsidy payments remain substantial and non cost-reflective. Between Q3 2023 and Q4 2025, the federal government paid: • Q3 2023: ₦204 billion • Q4 2023: ₦256 billion • Q1 2024: ₦536.40 billion • Q2 2024: ₦380 billion • Q3 2024: ₦464.12 billion • Q4 2024: ₦471.69 billion • Q1 2025: ₦536.40 billion • Q2 2025: ₦514.35 billion • Q3 2025: ₦458.75 billion • Q4 2025: ₦418.79 billion These figures suggest that Nigerians are still not paying full cost–reflective electricity tariffs. This challenges the claim that subsidies have been fully removed without compensation for consumers.
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