FG can’t continue to subsidize electricity — Minister of Power.
The Minister of Power, Adebayo Adelabu, says Nigeria cannot continue to subsidise electricity, adding that the nation must begin to move towards a cost-effective tariff model, as 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.
He said state governments will now be allowed to generate power independently to supply power to their states.
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