The Nigerian Senate has urged the federal government to maintain electricity subsidy amid the country's prevailing hardship. This decision came after the Senate considered and approved a motion during plenary, emphasizing the need to retain the subsidy on electricity for the foreseeable future. The motion was sponsored by Senator Aminu Iya Abbas, representing Adamawa Central zone under the PDP.
The federal government had recently expressed challenges in sustaining the electricity subsidy. Minister of Power, Adebayo Adelabu, disclosed in Abuja that it was becoming increasingly difficult to sustain the subsidy and advocated for a shift towards a cost-effective tariff model. Adelabu highlighted Nigeria's significant debt of N1.3 trillion to electricity-generating companies and $1.3 billion owed to gas companies.
The Senate's resolution underscores the importance of addressing the country's economic challenges while considering the impact on citizens. The decision to retain the subsidy reflects concerns about the current economic situation and the need for sustainable solutions. The government's efforts to address the subsidy issue will likely be closely monitored as the country navigates its economic landscape.
