The Federal Government spent N358.32 billion subsidising electricity in Q1 2026, according to the Nigerian Electricity Regulatory Commission’s latest report, averaging over N119 billion monthly.
This covered nearly 52% of the total N689.72 billion GenCo invoice, with NBET billing DisCos only N331.40 billion.
Though the subsidy fell 14.44% from N418.79 billion in Q4 2025, NERC clarified this wasn’t due to tariff reforms but an 8.56% drop in electricity offtake by distribution companies.
Despite the spending, supply worsened: average generation capacity fell 17.45% to 4,457.96megawatts, and total generation dropped 9.64% to 8,883.47 gigawatt-hour. The quarter also saw two grid disturbances, a total collapse on January 23 and a partial collapse on January 27.
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