The Nigerian government has declared a rise in the wholesale cost of gas supplied to power plants, increasing by 11 percent. This equates to a raise from $2.18 to $2.42 per Million British Thermal Unit (MMBTU), amid ongoing challenges in electricity provision across Nigeria. Engr Farouk Ahmed, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), announced the adjustment, elevating the commercial wholesale gas price from $2.50/MMBTU to $2.92/MMBTU. This decision was made after consultations with relevant stakeholders and considering the provisions of the Petroleum Industry Act (PIA) and the established Gas Pricing and Domestic Demand Regulations. Consequently, electricity generation companies in the country will now incur higher costs to purchase gas. Notably, the Minister of Power, Adebayo Adelabu, had previously criticized the practice of gas pricing in dollars in December of the preceding year. Gas suppliers had reduced their supply to power plants since January, in response to outstanding invoices totaling over $1.2 billion. To address this, the government intervened in March by disbursing $120 million to the companies, yet the issue of inadequate power supply persisted. In reaction to this development, Adetayo Adegbemle, an industry stakeholder and Executive Director of PowerUp Nigeria, expressed discontent, stating that the government has effectively increased its ‘subsidy ticket’ burden amid existing challenges, including the impact of the foreign exchange floating policy.