FG spends N358.3bn on electricity subsidy in Q1 2026 – NERC

By Obas Esiedesa, Abuja ABUJA – The Federal Government incurred an electricity tariff subsidy of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC).