Tinubu approves ₦3.3trn payment plan to restore reliable power
President Bola Tinubu has approved a ₦3.3 trillion plan to settle old debts in Nigeria’s power sector to make electricity more reliable and attract investors. Presidential spokesperson Bayo Onanuga said that after reviewing debts from February 2015 to March 2025 under the Presidential Power Sector Financial Reforms Programme, ₦3.3 trillion was confirmed as a full […]
Power supply will be better – President Tinubu assures Nigerians
Bola Ahmed Tinubu has assured Nigerians that electricity supply will improve in the near future. He gave this assurance while addressing members at the All Progressives Congress national convention in Abuja. According to the president, his administration is already working on reforms to tackle persistent power challenges. He revealed plans to inject about 1,500 megawatts […]
Power supply to improve soon — Minister Adelabu
Nigeria’s Minister of Power, Adebayo Adelabu, has said that electricity supply in the country is expected to improve soon as reforms begin to take effect. He made this statement during a meeting of the Nigerian Electricity Supply Industry held in Lagos. Adelabu noted that recent improvements, including higher power generation, show that ongoing reforms are […]
Nigerian govt mulls sale of NNPCL refineries
The Nigerian government is reportedly looking into the possibility of selling the refineries owned by the Nigerian National Petroleum Company Limited (NNPCL). According to top officials, this option is being reviewed as part of wider plans to reform the oil sector and improve fuel supply across the country. The move comes after years of investment […]
Three Northern states announce joint electricity market, acquire equity in KEDCO
In a major step toward improving energy access in northern Nigeria, the governments of Kano, Katsina, and Jigawa States have announced a new partnership to establish a joint electricity market. The initiative follows their joint acquisition of equity stakes in the Kano Electricity Distribution Company (KEDCO), alongside its core investor, Future Energies Africa. The development […]