In April when the Nigerian Electricity Regulatory Commission announced the removal of subsidy in areas categorised as Band A feeders, the subsidy was N140.7bn.
To ensure liquidity in the sector, the government stopped paying subsidies for Band A customers, who enjoy a minimum of 20 hours of electricity daily, raising their tariff to N225 per kilowatt-hour.
The decision generated outcries among Nigerians, including labour unions, and education and health institutions, whose electricity bills tripled following the removal of the subsidy.
In May when the subsidy figure dropped to N102.30bn, the government slashed the Band A tariff to N206.80/kWh.
However, the tariff was jerked to N209/kWh in early July as the subsidy rose again to N158bn in June.
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