Abiodun James Faleke who spoke in Abuja during the 2025 budget performance, expressed grave concern over series of expenditures incurred by the Company including the sums of N377.031 million spent on welfare packages out of N377.658 million approved budget; Other expenses worth N76.939 million out of N78.838 million approved budget; among others. Other lawmakers who spoke during the review of the 2025 budget performance, demanded explanation on the directive issued by the Chief of Staff to the President, banning overseas travels, N470.122 million spent on international travels and transport: training out of N479.845 million approved budget. “For the revenues of 2025, regulatory income for participants in the electricity market are provided for them to run their operations. He added that the regulatory revenue to cover their operations now makes them to be excluded from appropriation for the current. He explained that, in line with extant rules, NBET funds the capital component of the annual budget from the Appropriation Act.

Source: Nigerian Tribune February 05, 2026 19:14 UTC