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This comes as the Federal Government has indicated plans to begin sharing the cost of electricity subsidies with state and local governments from 2026.
Energy expert Nick Agule has stated that electricity is more affordable in the United Kingdom than in Nigeria.
Agule made this known on Wednesday in an interview on Arise Television.
This comes as the Federal Government has indicated plans to begin sharing the cost of electricity subsidies with state and local governments from 2026.
The development signals a shift from the current arrangement where the Federal Government bears most of the cost.
Agule’s remark is also coming anid the incessant collapse of the national grid, a development that happened two times almost within one week in January.
Reacting, he said, “I agree that now that states have the responsibility to create electricity markets in their domains, per the 2022 Electricity Act, they should also contribute to the subsidy discussion.
“This should be a first-line charge from states and local governments from the Federation Account.
“However, the government seems to be addressing the symptom – the accumulated debts in the electricity sector instead of tackling the root cause.
“I pay more for electricity in Nigeria than I pay for constant electricity in the UK. Why is the government subsidizing the telecom services? And that is where the question is. That’s the real issue.”
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