The Federal Government has revealed that it spends ₦200 billion every month subsidizing electricity for Nigerians.
This was disclosed by Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, in a statement on Monday.
Verheijen emphasized that the government’s power sector priorities include implementing a targeted subsidy system that directs financial support to low-income households rather than wealthier Nigerians.
"Currently, the Federal Government spends over ₦200 billion per month on electricity subsidies, but much of this support benefits the wealthiest 25% of Nigerians instead of those who genuinely need assistance," she explained.
She further stated that while fairer electricity pricing remains a long-term goal, the immediate focus is on increasing power supply, reducing outages, and protecting the country’s most vulnerable citizens.
The targeted subsidy system, she noted, will help ensure millions of hardworking Nigerian families have access to more affordable and reliable electricity.