• Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
Download Magazine
NERC says FG subsidised electricity with N135.23bn in second quarter 2023
  • October 19, 2023
  • Unity Times

The Nigerian Electricity Regulatory Commission (NERC) on Wednesday said the Federal Government (FG) paid a total of N135.23 billion to subsidized electricity consumption in the second quarter of 2023.

This was made known in the Commission’s Q2, 2023 report pasted on its website in Abuja.

Grow your business with us

NERC said the N135.2 billion was spent by government to plug revenue generation shortfall in the power sector in the period under review.

It said this showed an increase of N99.21 billion, representing 275 per cent compared to the N36 billion it paid in the quarter I of 2023.

The report stated that the government incurred a subsidy obligation of N135.23 billion in 2023/Q2, which is substantially higher than the N36.02 billion it incurred in 2023/Q1.

The government incurred a subsidy obligation of N135.23 billion in 2023/Q2, which is an increase of N99.21 billion 275 per cent compared to the N36.02 billion incurred in 2023/Q1,” it said.

The Commission stated that the subsidy is due to the absence of cost-reflective tariffs across all distribution companies. It said that the increase recorded in the period was a result of the government’s policy to harmonise exchange rate.

The report said that on the average, subsidy obligation incurred by the government per month was N45.08 billion in Q2 2023

Meanwhile, the Nigerian Electricity Regulatory Commission (NERC), said that Electricity Distribution Companies (DisCos) cumulatively received 325,898 complaints from consumers in the second quarter of 2023.

This was made known in the Commission’s second quarter of 2023 report posted on its website in Abuja on Wednesday.

NERC said that the 325,898 complaints represent an increase of 76,215 compared with the 249,683complaints received in the first quarter of 2023.

The report said that DisCos resolved a total of 313,442 complaints corresponding to a 96.18 per-cent resolution rate when compared to the 91.76 per cent recorded in first quarter of 2023.

“Metering, billing, and service interruption were the prevalent issues of customer complaints, accounting for more than 75 per cent of the total complaints during the quarter under review,“ it said.

NERC said that in pursuant to the provisions of its customer complaints handling standards and procedure regulations, it had to set up forum panels across the country.

According to the commission, panels were set up to review unresolved disputes from the DisCos’ Complaint Handling Units (Discos-CCU).

”The forum offices received a total of 1,485 new appeals in second quarter with 866 pending appeals from the first quarter.

“This brings the total of appeals from customers dissatisfied with Discos’ decision on the complaints lodged at the CCU to 2,351.

”During the period, the forum Panels held 71 sittings and resolved 1,379, (58.66) per cent of the appeals filed at the forum Offices nationwide; the resolution rate was – lower than 64.38 per cent achieved in the first quarter.

”The commission will continue to take measures that will ensure a more efficient customer complaint resolution process,” it said.

Previous
Next
Share the Post:
Grow your Business
Grow your business with Us
Subscription Ads
Related Posts

Dangote Refinery denies mass sack of staff

Management of Dangote Petroleum Refinery and Petrochemicals has denied the allegation by the Petroleum and Natural Gas Senior Staff Association

Read More

Court directs NMA to verify Nnamdi Kanu’s health status

THE Federal High Court (FHC) in Abuja has directed the Nigerian Medical Association (NMA) to set up a team of

Read More

NUC announces nationwide recruitment, opens application portal

The National Universities Commission (NUC) has announced the commencement of a nationwide recruitment exercise to fill several vacancies at its

Read More

Join Our Newsletter

Unity Times
Facebook-f Twitter
  • Dangote Refinery denies mass sack of staff

    Dangote Refinery denies mass sack of staff

    September 26, 2025 Breaking News, Business, Naija Gists, National, News
  • Court directs NMA to verify Nnamdi Kanu’s health status

    Court directs NMA to verify Nnamdi Kanu’s health status

    September 26, 2025 Breaking News, Health, National, News
  • NUC announces nationwide recruitment, opens application portal

    NUC announces nationwide recruitment, opens application portal

    September 26, 2025 Breaking News, Education, National, News
Get In Touch

Block 4, Wuse ll,

Abuja Nigeria

  • Email: office@unitytimesonline.com
  • Phone:
  • Hours: Mon-Fri 9:00AM - 5:00PM

© 2025 All Rights Reserved.