FG Spends N135bn On Electricity Subsidy In Q2

The Federal Government has paid N135.23 billion to subsidize electricity usage in the second quarter of 2023, latest report by the Nigerian Electricity Regulatory Commission (NERC) has shown. According to NERC, the FG spent N135.2 billion in the period under review to remedy income generation shortfalls in the power sector. It stated that this represented […]Read More

NERC Endorses New Electricity Act, Sets Stakeholders’ Meeting for July

The Nigerian Electricity Regulatory Commission (NERC) has hailed the timely assent to the new Electricity Act 2023 by President Bola Ahmed Tinubu, saying that a stakeholders’ workshop will hold next month to iron out the rough edges. NERC recognized the granting of legislative autonomy to the federating states on topics relating to the generation, transmission, […]Read More

Explosion Rocks EEDC Substation, Disrupts Power Supply

The Enugu Electricity Distribution Company PLC (EEDC) has announced that the loss of supply currently being experienced in some parts of Ebonyi state is a result of an explosion that occurred at its Mile 50 Injection Substation. In a statement signed by Emeka Ezeh, Head of Corporate Communications of EEDC, the explosion disrupted supply to […]Read More

NSCDC invaded, attacked us over false electoral claims, says PHED

The Port Harcourt Electricity Distribution (PHED) Plc management has stated that the allegations made by the Nigeria Security and Civil Defence Corps (NSCDC), which led to the invasion and attack on its employees, clients, and facilities, are untrue. In an official statement signed by the management, the officers of the NSCDC claimed that they attacked […]Read More

Adeoye Fadeyibi Appointed AEDC MD/CEO

Abuja Electricity Distribution Plc (AEDC) has announced the appointment of Adeoye Fadeyibi as its new Managing Director/Chief Executive Officer. Fadeyibi, a turn-around manager with over 20 years executive management experience, succeeds Akinwumi Bada, who served as the company’s Interim Managing Director since last year and is now leaving to pursue other personal business aspirations. Prior […]Read More

Tinubu Cites Lack Of Electricity As Greatest Impediment To Economic

National leader of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu, has proposed a seven-point agenda, which he said would revive the country’s troubled economy and drastically reduce its dependence on petro-dollars. The APC presidential aspirant said his desire to succeed President Muhammadu Buhari is to further improve the nation’s economy to the benefit […]Read More

Nigerian Government Hopes to Ramp Up Power Infrastructure With $4bn

The Federal Government, FG, has expressed optimism that the various funding arrangements amounting to about $4 billion it has put in place to boost power transmission capacity and other power infrastructure in the country would lead to improved power supply to Nigerians. Nigeria’s electricity supply in the past two weeks went through turbulent time, following […]Read More

Stabilising Nigeria’s Electricity Grid With CBN’s N103bn Intervention

Nigeria’s electricity supply has in the last few weeks gone through a turbulent time with the national grid collapsing twice in barely 36 hours. This coupled with the inability of power generation companies (GENCOs) to put load on the national grid, inadequate transmission and distribution infrastructures have continued to rob the country of the much-needed […]Read More