Why does Adelabu believe Nigeria can't keep electricity subsidies going?

Posted by Anonymous

May 6, 2025

1 answer

economyFinancesubsidiesadelabuNigeria

1 Answer

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Posted by Anonymous - May 6, 2025

I heard Adelabu saying that Nigeria can't keep doing the whole electricity subsidy thing forever, and honestly, it kind of makes sense. It's like when you constantly lend your friend money and never get it back. Eventually, you're going to run out of cash yourself!

Adelabu believes that by introducing cost-reflective tariffs, the country's economy will be more stable. It's no secret that the Nigerian government has been spending a lot on subsidies, which sounds nice and all, but it also kind of drains resources that could be used elsewhere, like fixing roads or schools.

In my experience, sometimes you have to put things in perspective. Like, if I've only got $10, I'm going to spend it wisely and make sure I don't blow it all on video games when my phone bill is due. Similarly, Adelabu is suggesting the country won't survive if it just keeps paying for electricity without adjusting the tariffs to match the real costs.

So, while it might not be the most popular move, cutting or adjusting subsidies could actually help save money for more important stuff in the long run. Just like keeping a budget in check! 😊

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