NewsNigeriaPoliticsBudget too little to keep up with the subsidy debt – Minister of Power, Adelabu
Two days after the International Monetary Fund, IMF, suggested the stoppage of electricity subsidies in Nigeria, the federal government is already considering discontinuing the subsidy. The Minister of Power, Adebayo Adelabu, said at a press briefing on Wednesday that it has become “very difficult to sustain subsidy on electricity” because of the subsidy debt hanging on the neck of the Nigerian government. The government’s debt to electricity-generating companies is running in trillions. It currently stands...










