BREAKING: FG to phase out power sector subsidy from next year

The federal government has announced plans to phase out subsidy payments in the power sector from 2027.

Joseph Tegbe, the minister of power, announced the plan during a media interactive session on Friday, while speaking on the power sector debt.

He said the subsidy will be gradually removed, but noted that Nigerians will not be deprived of any benefits.

The minister also reiterated that there is no plan to increase tariffs in the immediate term.(TheCable)