{
  "id": 13982553,
  "title": "Nigerian Govt can no longer cover electricity tariff shortfalls — Power Minister",
  "url": "https://urgent.news/2026/10/12/nigerian-govt-can-no-longer-cover-electricity-tariff-shortfalls-power",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-12T14:41:29.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/10/12/nigerian-govt-can-no-longer-cover-electricity-tariff-shortfalls-power-minister/"
  },
  "original_language": "en",
  "account": "Nigeria's Federal Government has reached a breaking point in its ability to subsidize electricity tariffs while simultaneously meeting the nation's demand for power, stated Power Minister Joseph Tegbe. The minister addressed the financial strain the country's electricity sector is under, focusing on the disparity between the expenses of generating and supplying electricity and the tariffs consumers pay. Tegbe emphasized that the government can no longer sustain the current system of financial burden, which is primarily due to electricity subsidies. Additionally, he pointed out several key issues plaguing the sector, such as poor revenue collection, inadequate metering systems, and outstanding debts owed to power generation companies. Tegbe revealed that the government is exploring a shift away from the Nigerian Bulk Electricity Trading (NBET) model to bilateral electricity agreements, aiming to enhance payment discipline and improve the financial stability of the electricity market. Moreover, Tegbe disclosed that the country suffers from a significant 40% metering gap, with over 700,000 meters already installed over a six-month period and plans to install 7.5 million meters within the next two to three years.",
  "summary": "The Federal Government can no longer continue to bear the cost of electricity tariff shortfalls while also being expected to provide power to every Nigerian, Power Minister Joseph Tegbe has said. Tegbe made the statement while addressing the financial challenges confronting Nigeria’s electricity sector, particularly the gap between the cost of generating and supplying electricity […] Nigerian…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Daily Africa",
        "title": "State’s unpaid electricity bills to Kenya Power hit Sh7.35bn",
        "url": "https://urgent.news/2026/10/12/states-unpaid-electricity-bills-to-kenya-power-hit-sh7-35bn",
        "published": "2026-10-12T15:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}