The Nigerian Electricity Regulatory Commission (NERC) has said that the federal government’s bill for electricity subsidy has risen to N180.8 billion in September.
This was contained in the commission’s monthly supplementary order.
According to the supplementary order for September, the electricity subsidy increased to N180.8 billion, from N173.7 billion in August.
In July, the electricity subsidy was N158.47 billion.
The report showed that the federal government will pay N19.92 billion to Eko Distribution Company (EKEDC); N14.87 billion to Benin Distribution Company (BEDC); N14.61 billion) to Enugu Distribution Company (EEDC); and N22.21 billion to Ibadan Distribution Company (IBEDC).
According to the order, Ikeja Distribution Company (IKEDC) will receive N23.76 billion, Jos Distribution Company (JEDC) N11.68 billion, and Kaduna Distribution Company (KAEDCO) N13.14 billion.
Also, Kano Distribution Company (KEDCO) will receive N12.96 billion, Port Harcourt Electricity Distribution (PHED) N13.45 billion, Yola Distribution Company (YEDC) N8.06 billion, and Abuja Electricity Distribution Company N26.14 billion.
Prior to the increase in Band A tariff in April, Adebayo Adelabu, minister of power, said it was difficult for the federal government to continue to subsidise electricity, saying Nigeria’s debt to generation and gas companies was N3 trillion.
So far, as of August 20, Adelabu said N205 billion had been paid out of N1.3 billion debt owed to generation companies (GenCos).
