Power sector crisis: Consumers, experts pick holes in Tinubu’s N3.3 trillion legacy debt approval
Electricity users and experts are raising doubts about President Bola Ahmed Tinubu’s recent N3.3 trillion plan to settle Nigeria’s long-standing power sector debt. Presidential spokesperson Bayo Onanuga said on Sunday that Tinubu had approved the N3.3 trillion to pay off the debts owed to power generation companies (GenCos). The announcement has sparked mixed reactions in […]
We’re On It’ – Power Minister Begs Nigerians Over Blackout
Nigeria’s Minister of Power, Adebayo Adelabu, has apologised to citizens over the recent widespread blackout. Speaking in Abuja, he admitted that the outages have caused hardship for homes, businesses, and schools, especially during the hot season. He explained that the crisis was largely due to gas supply issues and ongoing repairs on key pipelines. Adelabu, […]
Electricity crisis: S’East lost N28b in 3 months –SEECA
The South East Electricity Consumers Association (SEECA) says businesses in the South East lost over N28 billion in three months due to poor power supply. Its coordinator, Sebastine Okafor, made the claim in Enugu while urging governors to invest more in electricity generation. He described stable power as the quickest route to industrial growth in […]
Nigerian businesses to lose billions of naira as 25-day blackout hits Lagos, Ogun
Businesses, banks, and manufacturers in Lagos and parts of Ogun State may lose a lot of money as a 25-day power cut begins. The electricity companies, Ikeja Electric and Eko Electricity Distribution, made separate announcements last Friday that there will be daily blackouts in Lagos and some areas in Ogun State, like Agbara. Eko DisCo […]
TCN Provides Update as Nationwide Blackout Follows Latest National Grid Collapse in Nigeria
In yet another incident, the national grid in Nigeria has collapsed, plunging the country into widespread darkness. This marks the twelfth time this year that the grid has failed, leaving Nigerians frustrated and questioning the stability of the country’s power system. The collapse happened on Thursday around 11:29 am, according to a statement from Ndidi […]
Peter Obi: National Grid Collapse Has Become Common in Nigeria
Peter Obi, the Labour Party’s presidential candidate in the 2023 elections, has voiced his concern over Nigeria’s ongoing power crisis. Recently, the country was once again thrown into darkness after the national grid collapsed on Tuesday, with the Transmission Company of Nigeria (TCN) reporting that a combination of line failures and generator trips caused the […]