The Association of Power Generation Companies (APGC) has formally condemned allegations of “institutionalized extortion” and the existence of a “phantom subsidy” recently leveled against the sector by the President of the Nigeria Labour Congress (NLC), Joe Ajaero. In a comprehensive rebuttal issued on February 18, 2026, the APGC characterized the NLC’s claims as a strategic […]
The Nigerian Senate has initiated a legislative push for the complete removal of electricity subsidies as a strategic measure to shore up the 2026 budget. This move is part of a broader fiscal recalibration aimed at eliminating “asymmetric threats” to the nation’s economy and redirecting scarce resources toward critical “infrastructure of distribution” and social welfare […]
The Federal Government has announced a significant policy shift aimed at decentralizing the financial burden of electricity subsidies, revealing a new framework that will require state and local governments to share the cost starting from 2026. The Director-General of the Budget Office of the Federation, Tanimu Yakubu, disclosed this development on Monday in Abuja during […]