The Bola Tinubu-led government has allocated N1.99 billion to fuel generators at the State House in 2025, according to the recently proposed budget.
This figure represents a 5,100% increase from the N37.96 million allocated for the same purpose in 2024, and significantly higher than the N30.68 million allocated in 2023.
Between 2021 and 2024, the government allocated approximately N1.2 trillion to the power sector, yet reliable electricity supply for homes and businesses remains a major challenge.
In 2020, N133.479 billion was budgeted for the sector, rising to N306.23 billion by 2022. However, these allocations have failed to address persistent power outages, unreliable infrastructure, and high tariffs that continue to hinder industrial growth and economic development.
For 2025, the Federal Government plans to fund the Ministry of Power with N2.09 trillion, with N2.08 trillion allocated to capital projects aimed at improving infrastructure.
READ ALSO: Even as Nigerians Suffer, Tinubu Says He Has No Regrets About Fuel Subsidy Removal
The persistent power outages have serious economic consequences, with the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) estimating businesses lose $29 billion annually due to inadequate power supply.
Experts say the continued reliance on generators, particularly at critical government facilities like the State House, underscores the urgent need for sustainable power solutions.
Follow the Parallel Facts channel on WhatsApp: https://whatsapp.com/channel/0029VaCQSAoHgZWiDjR3Kn2E
