Power Sector
FG Pushes States To Establish Power Firms Amid Blackouts
The Federal Government has called on Nigeria’s 36 states to take full ownership of power generation, transmission, and distribution, saying decentralisation is the...
NERC Approves N28bn Bailout for Free Meter Rollout
The Nigerian Electricity Regulatory Commission (NERC) has approved N28bn for electricity distribution companies to fund the second phase of the Meter Acquisition Fund...
Enugu State Leads Push to Reduce Electricity Tariffs amid Industry Concerns
Following a decisive action by the Enugu Electricity Regulatory Commission (EERC) to lower electricity tariffs for Band A customers from N209 to N160...
FG Moves to Avert Blackout with N2tn Payment to Power Generators
To prevent a looming shutdown of power generation plants, the Federal Government has outlined a strategy to offset N2tn of the staggering N4tn...
Power Sector Records N700 Billion Revenue Surge in 2024 – Minister Adelabu
Nigeria’s power sector witnessed a remarkable financial turnaround in 2024, generating an additional N700 billion in revenue—a 70 percent increase compared to 2023....
Nigeria’s Electricity Metering Plummets to Four-Year Low, Contradicting Government Claims
Recent data from the Nigerian Electricity Regulatory Commission (NERC) reveals a significant downturn in electricity meter installations, contradicting the federal government’s assertions of...
Nigeria’s Power Sector Overhaul: TCN Unbundled, NISO Board Inaugurated
In a significant move aimed at bolstering the efficiency and reliability of Nigeria’s power sector, the federal government has officially unbundled the Transmission...
Nigeria’s Power Sector: Q4 2024 Sees Annual Decline Amidst Economic Growth
Despite a broad-based economic expansion witnessed across Nigeria in the fourth quarter of 2024, the nation’s electricity production index experienced a year-on-year (y-o-y)...
Nigeria’s Power Grid Under Strain: Delayed Fund Deepens Liquidity Crisis
The failure to activate the Power Consumer Assistance Fund (PCAF) this quarter has significantly worsened Nigeria’s already precarious electricity liquidity situation, pushing monthly...