The Minister of Power, Adebayo Adelabu, on Wednesday, revealed that President Bola Tinubu recently stopped the hike in electricity tariff and insisted that subsidy be paid on power consumed nationwide. According to the Minister, President Tinubu’s administration would investigate the legality of the five-year license extension given to privatized power distribution and generation companies. Adelabu revealed that the operating licenses of the firms would expire on October 31, 2023. The minister during a press briefing in Abuja, warned that he would sack any non-performing chief executive in agencies under the…
Read MoreTINUBU REJECTS ELECTRICITY TARIFF INCREASE, SAYS GOVT. MUST PAY SUBSIDY
