FG halts electricity subsidy.

The Nigerian Electricity Regulatory Commission has declared that subsidy on power amounting to about six hundred billion naira during some period had now been stopped by the Federal Government.

This came as power generation companies condemned the Nigerian Bulk Electricity Trading company, stating that the NBET was failing in its obligations in terms of payment for power generated by the Gencos.

Speaking at a press briefing in Abuja on the challenges in the power sector and other issues, the Chairman, NERC, Sanusi Garba, stated that subsidy on electricity was a policy issue of the Federal Government that had to be halted.