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FG to Scrap Power Sector Subsidy

The federal government has announced plans to end subsidy payments in the power sector from 2027.

Joseph Tegbe, the minister of power, announced the plan during a media interactive session on Friday, while speaking on the power sector debt.

He said the subsidy will be removed, but noted that Nigerians will not be deprived of any benefits.

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The minister also reiterated that there is no plan to increase tariffs in the immediate term.

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