Despite mounting financial pressures and an outstanding ₦4.7tn debt to power generation companies (GenCos), the Federal Government of Nigeria spent a staggering ₦536.4bn on electricity subsidies in the first quarter of 2025 alone, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC). The Q1 figure marks a ₦64.7bn rise from the ₦471.69bn […]