Friday, 04 September 2026
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Nigeria News from Nigeria · WORLD EUROS
Nº 55 Friday, 04 September 2026
Business

$2.45bn Power Shortfall: World Bank Backs Tariff, Subsidy Reforms

$2.45bn Power Shortfall: World Bank Backs Tariff, Subsidy Reforms
Sources: The Whistler Newspaper

The World Bank Group has thrown its weight behind reforms to Nigeria’s electricity tariff and subsidy frameworks, as the country’s power sector grapples with an estimated $2.45bn tariff shortfall. The World Bank disclosed this in its Country Partnership Framework for the Federal Republic of Nigeria covering the 2026–2032 fiscal period. The development finance institution said […] $2.45bn Pow

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