5 articles tagged
The electricity crisis in Nigeria escalates as distribution firms suffer losses exceeding ₦2.4 trillion over the past two years, impacting power generation and causing widespread outages across the country.
Nigeria is experiencing widespread power blackouts, impacting businesses and economic activities. Officials blame gas supply shortages, while a new government agency, GAMCO, is introduced to address grid issues, sparking debate about its effectiveness.
The Nigerian Electricity Regulatory Commission (NERC) has revealed that electricity distribution companies (DisCos) generated N207.49 billion in December 2025 from power bills. This amount represents a shortfall from the total bills raised during the month.
The Nigerian Federal Government in partnership with the World Bank has launched a $500 million project aimed at revitalizing the electricity distribution industry through the Distribution Sector Recovery Programme (DISREP), which seeks to enhance service delivery and financial viability.
The Federal Government of Nigeria has officially prohibited electricity distribution companies from charging consumers for the installation of electricity meters, warning of legal consequences for non-compliance.
