27 articles tagged
President Bola Tinubu has approved a significant financial plan amounting to N3.3 trillion aimed at settling outstanding debts within Nigeria's power sector. This initiative seeks to address long-standing financial issues accumulated over a decade, with the goal of improving electricity generation and reliability across the nation.
Nigeria's Minister of Power, Adebayo Adelabu, announced that the Federal Government's N501.02 billion bond issuance is set to resolve the persistent liquidity crisis in the power sector. The initiative aims to clear debts, restore confidence, and pave the way for market sustainability and private investment.
As Nigeria continues to face significant electricity challenges, the federal government has allocated N71.49 billion of the N1.92 trillion owed to electricity Generating Companies (GenCos) as part of its electricity subsidy payments for 2025.
Former Minister of Power, Professor Barth Nnaji, has outlined critical actions required to enhance Nigeria's electricity situation as supply issues worsen. He emphasized the need for restoring Power Purchase Agreements and addressing outstanding debts in the sector.
Vice President Kashim Shettima has underscored the Nigerian administration's commitment to revolutionizing the power sector, emphasizing the importance of energy security and institutional enhancement.
The President of the Nigeria Labour Congress, Joe Ajaero, has highlighted the critical deficiencies in Nigeria's electricity sector, calling for the merger of the gas and electricity ministries to address structural issues. He emphasized that the lack of a national energy roadmap is a primary cause of the ongoing electricity crisis.
The Republic of Togo is looking to increase its electricity imports from Nigeria's Niger Delta Power Holding Company (NDPHC). This move aims to address the growing demand for power and extend electricity access to new customers across the nation.
Governor Babajide Sanwo-Olu has established the Lagos Electricity Regulatory Commission board to enhance the state's power sector. The board's formation is part of efforts to create a robust and efficient electricity market in Lagos.
The Managing Director of the Niger Delta Power Holding Company has confirmed that the 570 MW Alaoji power plant is set to be completed by the third quarter of 2027. This follows the implementation of a revised recovery plan to address previous delays.
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.
Political economist Professor Pat Utomi has voiced severe criticism regarding the state of Nigeria, describing the nation as being in a "complete mess." He attributes this dire situation to failed leadership, escalating corruption, and a significant collapse in public trust towards governmental institutions.
Sunday Oduntan, CEO of ANED, emphasizes the necessity of time and investment to tackle Nigeria's longstanding electricity challenges, arguing that immediate fixes are unrealistic.
President Bola Tinubu has formed an 11-member committee tasked with facilitating the incorporation of the Grid Asset Management Company Limited, a venture designed to tackle Nigeria’s persistent electricity transmission issues.
The Federal Executive Council has authorized significant infrastructure initiatives, including the demolition of Carter Bridge and plans for a Grid Asset Management Company to enhance Nigeria's power sector.
The Minister of Power, Adebayo Adelabu, has urged the Oyo State House of Assembly to refrain from politicizing technical issues within the power sector. He clarified that transmission challenges in Ibarapaland predate the current administration and attributed them to funding shortfalls and compensation disputes concerning TCN infrastructure.
