Monday, April 15, 2024

Video - Concerns over electricity rate hike in Nigeria

An increase in electricity prices by nearly three times has sparked a backlash in Nigeria. The decision to remove electricity subsidies is part of President Bola Tinubu's reform drive to ease pressure on the economy as the government targets up to 2.6 billion U.S. dollars from the subsidy removal.


Related stories: Consumers in Nigeria upset at electricity rate hike

Nigeria to cut electricity subsidy to ease pressure on public finances



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