{"id":122841,"date":"2024-07-02T23:13:06","date_gmt":"2024-07-02T22:13:06","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu"},"modified":"2024-07-03T00:22:27","modified_gmt":"2024-07-02T23:22:27","slug":"nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu","title":{"rendered":"Nigerians spend over N16.5trn annually on fuel, servicing generator \u2013 Adelabu"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Minister of Power, Adebayo Adelabu, has said that Nigerians spends N16.5 trillion annually on fuel and the servicing of generators.<\/p>\n<p>Adelabu made this known on Tuesday at the ongoing NOG Energy Week in Abuja.<\/p>\n<p>The minister attributed his assertion to research in 2023. However, he did not give the exact details but rather compared the figure to the 225 per cent electricity tariff hike of April 3, 2024.<\/p>\n<p>\u201cWhat Nigerians spend on self-generation of power\u2014on fueling and servicing their generators\u2014is N16.5 trillion, according to research that was carried out in 2023. Looking at this, you will see that what Band A customers pay is still cheaper compared to this, despite having 24-hour uninterrupted supply,\u201d he said.<\/p>\n<p>He further declared that \u201cover $1 billion in investments have been placed into renewable energy sources by foreign lenders and institutions,\u201d adding that his ministry, under the guide and support of President Tinubu, is making giant strides in energy and gas developments.<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Minister of Power, Adebayo Adelabu, has said that Nigerians spends N16.5 trillion annually on fuel and the servicing of generators. Adelabu made this known on Tuesday at the ongoing NOG Energy Week in Abuja. The minister attributed his assertion to research in 2023. However, he did not give the exact details [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":122840,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[8320,772,254],"class_list":["post-122841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-adelabu","tag-fuel","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigerians spend over N16.5trn annually on fuel, servicing generator \u2013 Adelabu - Nigeria<\/title>\n<meta name=\"description\" content=\"The Minister of Power, Adebayo Adelabu, has said that Nigerians spends N16.5 trillion annually on fuel and the servicing ...\" \/>\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\/economy\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerians spend over N16.5trn annually on fuel, servicing generator \u2013 Adelabu\" \/>\n<meta property=\"og:description\" content=\"The Minister of Power, Adebayo Adelabu, has said that Nigerians spends N16.5 trillion annually on fuel and the servicing ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-02T22:13:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-02T23:22:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/07\/sm_1719949696.865925.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\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\/economy\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigerians spend over N16.5trn annually on fuel, servicing generator \u2013 Adelabu\",\"datePublished\":\"2024-07-02T22:13:06+00:00\",\"dateModified\":\"2024-07-02T23:22:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu\"},\"wordCount\":178,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/07\/sm_1719949696.865925.jpg\",\"keywords\":[\"Adelabu\",\"fuel\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerians-spend-over-n16-5trn-annually-on-fuel-servicing-generator-adelabu\",\"name\":\"Nigerians spend over N16.5trn annually on fuel, servicing generator \u2013 Adelabu - 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