Just In: Jubilation as Tinubu Declares Electricity Subsidy, Details Emerge

• President Bola Tinubu-led federal government has announced the approval of a fifty per cent electricity subsidy for hospitals across the country
• Tunji Alausa, Minister of State for Health and Social Welfare, announced the approval, saying the gesture was to reduce operational costs and financial burden on patients
• Bayo Adelabi, the minister of power, had earlier disclosed the Tinubu's government's plan to subsidise electricity for hospitals and tertiary institutions

The Federal Government, led by President Bola Tinubu, has approved a 50% subsidy on hospital electricity consumption. This move aims to reduce operational costs and alleviate patients' financial burden, making healthcare more accessible and affordable.

The subsidy fulfils the Minister of Power's previous commitment to support hospitals and universities, including those connected to Band-A feeders. This move is expected to relieve hospitals and patients nationwide, helping to improve healthcare services and reduce financial stress.

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Minister of head announces subsidy for hospitals

Minister of State for Health and Social Welfare Tunji Alausa confirmed that the Federal Government has approved a subsidy on hospital electricity consumption. The subsidy aims to reduce financial pressures on public hospitals, allowing them to provide essential healthcare services without passing on the full cost of electricity to patients.

The subsidy will only be available to legitimate health and educational institutions, excluding private businesses operating within these facilities. Private enterprises charge their customers commercially and should not benefit from the government subsidy, which is intended to support public healthcare and education.

How many institutions get electricity subsidy

Minister Adelabu stressed that hospitals and educational institutions provide essential social services, and the government's subsidy aims to support these critical sectors.

However, he noted that private businesses operating within these institutions should not take advantage of the subsidy for personal gain. To prevent this, the government is conducting a thorough data collection process to accurately identify and meter all businesses within these institutions.

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The goal is to ensure that public funds are used effectively and only benefit those directly involved in healthcare and education, preventing private enterprises from profiting unfairly from the subsidy.

Tinubu laments Nigeria's poor electricity

Legit.ng earlier reported that President Tinubu had lamented the low electricity generation for a country as big as Nigeria.

The president said it was disappointing that a big country like Nigeria was generating only 4.5 gigawatts, which was not sufficient.

Tinubu's lamentation came hours after the electricity distribution company announced an upward review of electricity tariffs in the country.

Source: Legit.ng