Federal Government has raised N728.979 billion through the second issuance under its N4 trillion Power Sector Multi-Instrument Issuance Programme to settle verified debts owed to electricity generation companies. The latest issuance was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele on Monday September...
Electricity Supply
Federal Government on Wednesday disclosed that it has metered roughly 60% of active electricity customers in Nigeria, with an ongoing rollout under Phase 1 of the $500 million World Bank-financed Distribution Sector Recovery Programme (DISREP). It disclosed that, under initiatives like the Presidential Metering Initiative (PMI) and effective coordination...
Transmission Company of Nigeria (TCN) has dismissed claims by the Abuja Electricity Distribution Company (AEDC) that the recent drop in electricity supply to the Federal Capital Territory was caused by the tripping of its 330kV transmission lines from the Shiroro Transmission Substation. In a statement issued on Wednesday, TCN...
Federal Government has launched the Tinubu Light Initiative, a nationwide renewable energy programme aimed at providing affordable clean energy to one million Micro, Small and Medium Enterprises (MSMEs) to reduce production costs, boost industrial growth and create jobs. The initiative was unveiled on Thursday August 6th by the National...
In its ongoing efforts to overcome the country’s power challenges, the Federal Government has affirmed its commitment to improving electricity for Nigerians, having put in place adequate measures to achieve positive results in line with its renewed hope agenda. This was made known by the Minister of Power, Joseph...
Nigeria Government has launched a ₦729 billion Series 2 Power Sector Bond as part of efforts to settle outstanding debts in the electricity sector and improve power supply across the country. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced the initiative at an Investor...
Presidential spokesman Bayo Onanuga has dismissed claims that President Bola Tinubu promised not to seek a second term if he failed to deliver stable electricity across Nigeria within four years. The clarification follows renewed public attention to remarks Tinubu made during a business luncheon in December 2022 ahead of...
Nigerian Electricity Regulatory Commission (NERC) has approved a special compensation package for eligible Band A electricity customers affected by power supply disruptions caused by generation constraints across the country. The Commission announced the directive in a statement issued on Thursday, saying the measure was introduced to cushion the impact...
World Bank has confirmed that Nigeria’s $500 million Distribution Sector Recovery Programme (DISREP) will continue as planned, alleviating concerns about the future of critical electricity sector reforms following the cancellation of part of the broader Power Sector Recovery Programme (PSRP) financing. According to a report by BusinessDay on Wednesday,...
Nigerian Government has officially cancelled $717.7 million in undisbursed World Bank financing aimed at reviving the country’s electricity sector. According to the report on Channels TV attributed to the World Bank, this decision follows delays in meeting key reform milestones and significant shifts in the sector’s operating environment, leading...
President Bola Ahmed Tinubu has appointed Mr Rilwan Babalola as Special Adviser to the President on Power and as Chairman of the Presidential Task Force on Power Sector Reset and Restoration. The President has also redesignated the Office of the Special Adviser (Energy) as the Special Adviser (Oil &...
Nigeria’s Minister of Power, Adebayo Adelabu, is expected to resign from his position in the coming days, a development that is already generating debate over the timing of his exit and the future of ongoing reforms in the country’s struggling electricity sector. The disclosure was made on Tuesday by...
Transmission Company of Nigeria (TCN) has announced a planned power outage affecting parts of Akwa Ibom State following the commencement of maintenance work on the Uyo/Itu 132kV transmission line. In a statement issued by TCN’s General Manager, Public Affairs, Ndidi Mbah, the company said the temporary outage is necessary...
Federal government has taken a step further to address the persistent challenge of gas supply to power generation plants with the inauguration of gas-to-power monitoring committee. A statement by the special Adviser on strategic communications and media relations to the Minister of Power, Bolaji Tunji noted that gas-fired plants,...
Nigerian Electricity Regulatory Commission (NERC) has issued a new directive requiring the registration and authorisation of grid-connected private transmission substations, in a move aimed at strengthening oversight and enhancing national grid reliability. The Order on the Registration and Authorisation of Grid-Connected Private Transmission Substations (NERC/2026/013), which takes effect from...
President Bola Tinubu on Friday constituted an 11-member committee to ensure the smooth sailing incorporation of the Grid Asset Management Company Limited (GAMCO). The committee’s constitution followed the Federal Executive Council’s approval of the company’s establishment at its Wednesday meeting. In proposing GAMCO, President Tinubu hopes to fast-track a...
Nigerian Independent System Operator (NISO) has attributed Nigeria’s declining electricity generation to acute gas supply shortages affecting thermal power stations across the country. In a press release issued by its management, NISO disclosed that the nation’s current average available power generation stands at about 4,300 megawatts, largely due to...
Former Labour Party presidential candidate, Peter Obi, has taken a swipe at President Bola Ahmed Tinubu over Nigeria’s worsening electricity crisis, reminding Nigerians of a campaign promise the President made ahead of the 2023 general election. In a post on X (formerly Twitter), Obi recalled Tinubu’s 2022 pledge that...
Nigeria was once again plunged into widespread darkness on Tuesday following the collapse of the national electricity grid, cutting off power supply to millions of households and businesses across the country. The development quickly dominated conversations on X (formerly Twitter), where Nigerians shared real-time updates and screenshots from electricity...
Former Labour Party presidential candidate, Peter Obi, has condemned the latest collapse of Nigeria’s national power grid, describing it as a continuation of what he called a worsening national embarrassment in the electricity sector. In a post on his verified X (formerly Twitter) handle on Tuesday, Obi lamented that...