Nigeria's electricity regulator says the federal government absorbed N418.79bn in power subsidies in the fourth quarter of 2025, as sector losses exceeded N300bn.
Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.
Nigeria's electricity regulator says the federal government absorbed N418.79bn in power subsidies in the fourth quarter of 2025, as sector losses exceeded N300bn.