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As Nigeria continues to face significant electricity challenges, the federal government has allocated N71.49 billion of the N1.92 trillion owed to electricity Generating Companies (GenCos) as part of its electricity subsidy payments for 2025.
The Senate has strongly defended the proposed N25.91 trillion budget deficit for 2026, citing the need for loans to tackle persistent revenue challenges. Officials also emphasized the necessity of eliminating electricity subsidies to redirect resources efficiently.
The Federal Government has instructed state governments to collaboratively finance electricity subsidies. This initiative aims to alleviate the financial burden while supporting low-income consumers through targeted assistance.
