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Tag: power sector

FG: Why We Can’t Generate Promised 5,000mw Of Power

Minister of Power, Mr. Abubakar Aliyu
Okays additional N765.9m for NDDC’s forensic audit Says report delaying commission’s board inauguration The federal government has justified its inability to achieve its promised 5,000 megawatts (mw) of electricity generationRead More

Nigeria in Darkness As National Power Grid Suffers Sixth Collapse In 2022

Electricity power plants
The national electricity grid yesterday suffered its sixth system collapse in 2022, throwing many homes and businesses across the country into total blackout. The system failure, which occurred at aboutRead More

NERC: Why Discos Are Unable To Raise Money For Capital Spending

Nigerian Electricity Regulatory Commission (NERC)
AFG, World Bank, others target December to eliminate tariff shortfalls Cut under-recovery from N1.8trn to N247bn The Nigerian Electricity Regulatory Commission (NERC) said yesterday that the inability of the DistributionRead More

Minister: FG Willing To Partner Investors On Power Supply

Minister of Power, Mr. Abubakar Aliyu
The Minister of Power, Mr. Abubakar Aliyu, has disclosed that the federal government was willing to partner investors in the power sector to improve electricity supply in the country. ThisRead More

Confusion Over Alleged Hike In Electricity Tariffs

Nigerian Electricity Regulatory Commission (NERC)
NERC denies suspending eligible customer scheme The Nigerian power sector was thrown into confusion yesterday over conflicting information regarding a resolution by the Nigerian Electricity Regulatory Commission (NERC), directing theRead More

FG Mulls TCN’s Unbundling, Partial Concession To Boost Power Supply

Deputy Chief of Staff to the President Office of the Vice President, Ade Ikpaye ( R), and Senior Special Assistant to the President on Media and Publicity , Mr Laolu Akande (L ), during a virtual meeting with Schools Proprietors on MSMEs Survival Fund, at the Presidential Villa in Abuja on Monday
The Federal Government is considering the unbundling and partial concession of the Transmission Company of Nigeria (TCN) to boost its efficiency in the government’s bid to improve power supply. Director,Read More

Despite Improved Wheeling Peak, Power Sector Loses N26.6bn

Electricity power plants
The Nigerian Electricity Supply Industry (NESI) lost N26.603 billion to constraints, including limited gas supply, poor infrastructure as well as challenges with the national grid system between February 5 andRead More

NERC: Niger, Others’ Debts Worsening Illiquidity In Power Sector

Nigerian Electricity Regulatory Commission (NERC)
Urges FG, states to offset growing bills The Nigerian Electricity Regulatory Commission (NERC) has expressed concern about the continuing inability of its international as well as special customers to settleRead More

Analysts Foresee Faster Economic Recovery As Oil Price Hits $60

International Monetary Fund (IMF)
IMF urges FG to embark on aggressive revenue mobilisation Advises FG to raise VAT to 10% by 2022 Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oilRead More

FG Bows To Pressure, Directs Reversal Of New Electricity Rates

Minister of Power Mr. Saleh Mamman
Suspension of tariffs to persist till end of negotiations with labour Power sector hits another transmission peak milestone The Federal Government yesterday directed the immediate rollback of the new tariffRead More