{"id":108737,"date":"2023-10-18T16:31:57","date_gmt":"2023-10-18T15:31:57","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=108737"},"modified":"2023-10-18T16:31:57","modified_gmt":"2023-10-18T15:31:57","slug":"fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/","title":{"rendered":"*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC*"},"content":{"rendered":"
\n
<\/div>\n
\n
\nBy Bayo Davids<\/p>\n

The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, said that the Federal Government paid a total of N135.23 billion to subsidize electricity consumption in the second quarter of 2023.<\/p>\n

This was made known in the commission\u2019s Q2,\u00a0 2023 report.<\/p>\n

This is as the agency said that the\u00a0 N135.2 billion was spent by the FG to plug revenue generation shortfall in the power sector in the period under review.<\/p>\n

It said that this indicated an increase of N99.21 billion, representing 275 per cent compared to the N36 billion it paid in the quarter I of 2023,<\/p>\n

The report stated that the government incurred a subsidy obligation of N135.23 billion in 2023\/Q2, which is substantially higher than the N36.02 billion it incurred in 2023\/Q1.<\/p>\n

\u201dThe government incurred a subsidy obligation of N135.23 billion in 2023\/Q2, which is an increase of N99.21 billion 275 per cent compared to the N36.02 billion incurred in 2023\/Q1, \u201dit said.<\/p>\n

The commission stated that the subsidy was due to the absence of cost-reflective tariffs across all distribution companies.<\/p>\n

It said that the increase recorded in the period was a result of the government\u2019s policy to harmonize the exchange rate.<\/p>\n

The report said that on average, the subsidy obligation incurred by the government per month was N45.08 billion in Q2 of\u00a0 2023.<\/p><\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Bayo Davids The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, said that the Federal Government paid a total of N135.23 billion to subsidize electricity consumption in the second quarter…<\/p>\n","protected":false},"author":1,"featured_media":108738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-108737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC* - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC* - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"By Bayo Davids The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, said that the Federal Government paid a total of N135.23 billion to subsidize electricity consumption in the second quarter…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-18T15:31:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2023\/10\/NERC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"309\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC*\",\"datePublished\":\"2023-10-18T15:31:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/\"},\"wordCount\":222,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2023\/10\/NERC.jpg\",\"articleSection\":[\"Exclusive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/\",\"name\":\"*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC* - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2023\/10\/NERC.jpg\",\"datePublished\":\"2023-10-18T15:31:57+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2023\/10\/NERC.jpg\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2023\/10\/NERC.jpg\",\"width\":600,\"height\":309},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC*\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC* - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/","og_locale":"en_US","og_type":"article","og_title":"*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC* - Pointblank News","og_description":"By Bayo Davids The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, said that the Federal Government paid a total of N135.23 billion to subsidize electricity consumption in the second quarter…","og_url":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/","og_site_name":"Pointblank News","article_published_time":"2023-10-18T15:31:57+00:00","og_image":[{"width":600,"height":309,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2023\/10\/NERC.jpg","type":"image\/jpeg"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC*","datePublished":"2023-10-18T15:31:57+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/"},"wordCount":222,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2023\/10\/NERC.jpg","articleSection":["Exclusive"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/","url":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/","name":"*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC* - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2023\/10\/NERC.jpg","datePublished":"2023-10-18T15:31:57+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2023\/10\/NERC.jpg","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2023\/10\/NERC.jpg","width":600,"height":309},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-subsidized-power-with-n135-23bn-in-q2-2023-nerc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"*FG subsidized power with N135.23bn in\u00a0 Q2, 2023 \u2014 NERC*"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/108737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=108737"}],"version-history":[{"count":0,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/108737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/108738"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=108737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=108737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=108737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}