Nigerians May Face Hike In Electricity Bills

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Mediaage NG News – ABUJA, Nigeria

Nigerians may face soaring electricity bills, as the government is set to go ahead with plans of scrap its subsidy for 15% of consumers.

This will heap more pressure on millions of Nigerians who are already struggling under a high cost-of-living crisis. However, if the government goes ahead with the plans, it would save the public purse $2.6bn (£2bn).

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The move was announced by presidential spokesperson Bayo Onanuga on Tuesday, as a way to ease pressure on public finances.

He did not say when the rate would go up, but said rates had last been reviewed in 2020.

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