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FG Incur N358bn Electricity Subsidy in Q1 as Distribution Companies Collect 78.95% of Billed Amounts

FG Incur N358bn Electricity Subsidy in Q1 as Distribution Companies Collect 78.95% of Billed Amounts

The Nigerian Electricity Regulatory Commission revealed that the Federal Government incurred a subsidy of N358.32 billion in the first quarter of 2026, while electricity distribution companies collected 78.95% of billed amounts. The high subsidy reflects the gap between cost-reflective tariffs and approved rates.