HEADLINENEWS.NEWS Correspondent
reports that as the nation grapples with a weakening fiscal position, concerns are mounting that electricity tariffs may see a significant increase. The government is currently contending with a staggering N2.1 trillion subsidy burden, which is straining the national budget and complicating efforts to stabilize the energy sector.
Experts warn that the fiscal constraints may lead to a reassessment of the current subsidy framework. If adjustments are not made, the financial pressures could force a rise in electricity tariffs, impacting households and businesses alike. The situation underscores the broader challenges faced in managing economic policies amidst fiscal instability.
As discussions continue, stakeholders are calling for a balanced approach to ensure that any adjustments to tariffs are implemented in a way that minimizes adverse effects on the public while addressing the underlying financial issues.
