{"id":110424,"date":"2024-02-14T21:38:00","date_gmt":"2024-02-14T20:38:00","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt"},"modified":"2024-02-14T23:47:49","modified_gmt":"2024-02-14T22:47:49","slug":"we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt","title":{"rendered":"We can no longer continue to subsidise electricity \u2013 Nigerian govt"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Minister of Power, Adebayo Adelabu, has declared that the country can no longer continue to subsidise electricity.<\/p>\n

According to the minister, Nigeria must begin to move towards a cost-effective tariff model, adding that the country is currently indebted to the tune of 1.3 trillion naira to generating companies (GenCos) and 1.3 billion dollars owed gas companies.<\/p>\n

Adelabu said this when he addressed a press conference in Abuja on Wednesday, disclosing that only 450 billion naira was budgeted for subsidy this year.<\/p>\n

He said that the ministry needs over two trillion naira to effect subsidy.<\/p>\n

The minister said that states will now be allowed to generate power independently.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Minister of Power, Adebayo Adelabu, has declared that the country can no longer continue to subsidise electricity. According to the minister, Nigeria must begin to move towards a cost-effective tariff model, adding that the country is currently indebted to the tune of 1.3 trillion naira to generating companies (GenCos) and 1.3 […]<\/p>\n","protected":false},"author":84,"featured_media":110423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,2660],"tags":[11709,1570,2140,508,254],"class_list":["post-110424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-adebayo-adelabu","tag-africa-press","tag-africa-press-nigeria-2","tag-electricity","tag-nigeria"],"yoast_head":"\nWe can no longer continue to subsidise electricity \u2013 Nigerian govt - Nigeria<\/title>\n<meta name=\"description\" content=\"The Minister of Power, Adebayo Adelabu, has declared that the country can no longer continue to subsidise electricity. ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We can no longer continue to subsidise electricity \u2013 Nigerian govt\" \/>\n<meta property=\"og:description\" content=\"The Minister of Power, Adebayo Adelabu, has declared that the country can no longer continue to subsidise electricity. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-14T20:38:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-14T22:47:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/02\/sm_1707934434.111515.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"We can no longer continue to subsidise electricity \u2013 Nigerian govt\",\"datePublished\":\"2024-02-14T20:38:00+00:00\",\"dateModified\":\"2024-02-14T22:47:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt\"},\"wordCount\":127,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/02\/sm_1707934434.111515.jpg\",\"keywords\":[\"Adebayo Adelabu\",\"Africa Press\",\"Africa Press-Nigeria\",\"electricity\",\"Nigeria\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/we-can-no-longer-continue-to-subsidise-electricity-nigerian-govt\",\"name\":\"We can no longer continue to subsidise electricity \u2013 Nigerian govt - 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