There is apprehension among Nigerians as the President Bola Ahmed Tinubu-led federal Government contemplates removing electricity subsidy in the coming days despite the worsening economic hardship the citizens are battling.
There is apprehension among Nigeria ns as the President Bola Ahmed Tinubu-led federal Government contemplates removing electricity subsidy in the coming days despite the worsening economic hardship the citizens are battling. At a February 14, 2024, briefing, the Minister of Power, Adebayo Adelabu, said the Government can no longer continue electricity subsidy as its indebtedness races to N3 trillion. Adelabu's comment has sent a shock wave among Nigeria ns.
For many, the government is in another move to worsen the existing pains visited on citizens by fuel subsidy removal and Naira floating. Faced with the rising cost of living, economic hardship, and soaring inflation, which reached an all-time high of 29.90 per cent in January 2024, the burden of electricity subsidy removal would further worsen the pains for most Nigerians. Meanwhile, the International Monetary Fund believed Nigeria should put a stop to electricity subsidy in the same manner it told Africa's most populous country about fuel subsidy and Naira floatin
Nigeria Electricity Subsidy Economic Hardship Fuel Subsidy Naira Floating Inflation International Monetary Fund
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