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  • Business - Economy
  • Updated: February 21, 2024

Breaking: Senate urges FG to stop planned removal of electricity subsidy

Breaking: Senate urges FG to stop planned removal of electri

Photo Source: The Guardian

Senate on Wednesday appealed to the federal government to continue the electricity subsidy amidst the ongoing hardships in the country.

The Senate’s decision came after deliberating and endorsing a motion in a plenary session about the necessity of maintaining the electricity subsidy in the country for the coming period.

The motion was brought forward by Aminu Iya Abbas, a PDP Senator representing the Adamawa Central area.

Furthermore, Senator Iya Abbas, along with ten other legislators, raised alarms over the N1.3 trillion debt to power-generating companies and the $1.3 million owed to gas companies by the Ministry of Power.

The Senate also resolved to investigate the involvement of the Ministry of Power, the Nigeria Electricity Regulatory Commission, and Ziglaks Company regarding the unfulfilled agreement to supply prepaid meters, aiming to protect Nigeria from being disadvantaged.  

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