News
BREAKING: Senate asks Tinubu’s govt to retain electricity subsidy due to economic hardship
The Senate has passed a resolution urging the federal government to maintain the electricity subsidy in light of the prevailing hardship in the country.
The decision was made after the upper chambers considered and approved a motion during plenary, sponsored by Senator Aminu Iya Abbas (PDP), representing the Adamawa Central zone.
The motion emphasizes the need to preserve the electricity subsidy for the foreseeable future, considering the current challenges Nigerians face.
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The federal government had recently stated that sustaining the electricity subsidy had become challenging.
Minister of Power Adebayo Adelabu revealed the government’s difficulty in maintaining the subsidy and emphasized the necessity of transitioning towards a cost-effective tariff model.
He also disclosed significant debts owed by the country to electricity-generating companies and gas companies.
The debate over subsidy removal remains a critical issue in Nigeria, with various stakeholders expressing their opinions on the economic implications and the welfare of the populace.
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