The Federal government cannot continue to subsidise the power sector, Minister of Power, Adebayo Adelabu, has said. Adelabu said this while expressing concerns over the poor electricity supply situation in the country caused by numerous issues including outstanding subsidy debts. Briefing journalists in Abuja on Wednesday, the minister said the nation must begin to move towards a cost-effective tariff model, as the country is currently indebted to the tune of 1.3 trillion naira to generating companies (GenCos) and 1.3 billion dollars owed gas companies. According to him, over N2 trillion…
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