//
  • info@ocmlng.com
  • 0201-2914775

FG moves to share electricity subsidy costs with states

Home > market news
Financial News

FG moves to share electricity subsidy costs with states

03 Feb, 2026

The Federal Government has moved to end the practice of carrying electricity subsidy costs alone, announcing a framework that will spread the burden across federal, state, and local governments from 2026. The Director-General of the Budget Office of the Federation, Tanimu Yakubu, disclosed this on Monday in Abuja during a training and sensitisation workshop for ministries, departments, and agencies on the 2026 post-budget preparation process using the Government Integrated Financial Management Information System Budget Preparation Sub-System....................................….......READ MORE