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<p>Minister of Power, Adebayo Adelabu, has said that the country&#8217;s economy can no longer afford to maintain electricity subsidies. He advised Nigerians to prepare for the introduction of tariffs that reflect the true costs of electricity.</p><div class="A04eZv2K" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>At a meeting with the Chairmen of Nigeria&#8217;s Generating Companies in Abuja, Adelabu emphasized that, “We have to understand that our economy cannot sustain subsidies indefinitely.”</p>
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<p>He, nonetheless, emphasized the government&#8217;s commitment to offering targeted subsidies to support economically disadvantaged Nigerians.</p>
<p>The Federal Government presently has an outstanding debt exceeding N4 trillion owed to Generating Companies (Gencos) for overdue subsidy payments.</p><div class="ULae4uzm" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>In its performance report for February, the Nigerian Electricity Regulatory Commission (NERC) indicated that the average real tariff stands at N116.18 per kilowatt-hour, whereas consumers are charged N88.2 per kilowatt-hour.</p>
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