The Federal Government says it will phase out electricity subsidy payments starting in 2027 to address growing liabilities and debts in Nigeria’s power sector. Minister of Power Joseph Tegbe made the announcement at a media interactive session on Friday. According to the reports, the government plans a staged removal of the subsidy beginning in 2027, rather than an immediate end, and says the transition is intended to ensure consumers are not deprived of electricity support.
The outlets also report that Tegbe indicated there is no immediate plan to raise electricity tariffs, and that any changes associated with subsidy removal would be managed carefully. The move is described as a significant policy shift aimed at reducing fiscal pressure and encouraging efficiency within the electricity industry.
While the articles provide broad details on timing and intent, they do not specify the subsidy’s exact end date, the schedule of each phase, or the measures the government will use to protect affected households during the rollout.
