Power Sector Betrayed: Government Pays Peanuts While Darkness Swallows Nigeria
In what can be described as a shocking failure and outright negligence, the Federal Government has once again abandoned Nigeria’s already fragile electricity sector, paying a disgraceful N76.95 billion — barely four percent — out of the staggering N1.928 trillion subsidy required in 2025. This is not just incompetence; it is a betrayal of millions of Nigerians who continue to suffer in darkness while leaders fail to act. Despite allocating N958 billion for electricity subsidies in the 2025 budget, the government released a laughable N76.95 billion, leaving a crushing debt burden of about N1.85 trillion hanging over the sector. The numbers are not just embarrassing — they are a clear indication of a system on the verge of collapse. Data from the Nigerian Electricity Regulatory Commission paints an even more disturbing picture. Subsidy obligations stood at N536.40 billion in the first quarter of 2025, dipped slightly to N514.36 billion in the second quarter, fell to N458.76 billion in...