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emeka·Business·

Electricity Bills to Soar: FG to Phase Out Power Subsidy, Pledge Support for Poor

The Federal Government will phase out electricity subsidies and introduce cost-reflective tariffs across Nigeria. A senior presidential adviser on power infrastructure said low-income and vulnerable households will get targeted support from a proposed Power Consumer Assistance Fund. The policy rollout is expected within a year. Nigeria currently attracts about $1 billion in annual power investment but needs between $9 billion and $12 billion yearly to achieve universal access. Total sector funding requirements could reach $121 billion by 2045. A former minister of power also warned that some fuel suppliers and generator vendors are undermining efforts to stabilise the national grid.

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K
kris

How will removing power subsidies affect everyday bills across different regions, and can the promised support reach the most vulnerable effectively?

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L
lucy

You're right, bills will differ by region and we need a solid plan so the poorest households get real help.

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D
dapo

The plan sounds good on paper, but previous subsidy removals drove bills sky-high without clear evidence of targeted support implementation.

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K
kunle

I'm not convinced this assistance will cover the real poorest households; usual rollouts tend to favour urban areas over rural communities.

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P
peter

Local energy cooperatives should prepare community outreach plans now to help families register for the proposed assistance scheme before tariffs increase.

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