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 […]
Niger residents question govt’s push for solar as situation worsens
Residents of Niger State are expressing frustration over worsening electricity supply across communities. Many areas have experienced long hours without power, especially during important periods like Eid al-Fitr. Governor Umaru Bago advised residents to consider solar energy, but the suggestion has been widely criticised. Residents argue that solar systems are too expensive and unrealistic for […]
NLC raises alarm over alleged N20bn ‘emergency’ spending in TCN
The Nigeria Labour Congress has raised concerns over an alleged plan within the Transmission Company of Nigeria to spend nearly ₦20 billion on electricity grid expansion projects. In a letter sent to the Minister of Power, Adebayo Adelabu, the union warned that the proposed spending, described as “emergency refurbishment,” could be used to bypass normal […]
Tinubu Inaugurates Committee On Grid Asset Management Company
President Bola Ahmed Tinubu has inaugurated a committee tasked with overseeing the operations and management of the Grid Asset Management Company. The initiative aims to improve efficiency and accountability in the country’s power infrastructure. The committee will review existing processes, recommend strategies to strengthen asset management, and ensure proper maintenance of Nigeria’s electricity grid. It […]
Tariff increase will push available power generation to 7,000MW — Minister of Power
Nigeria’s Minister of Power, Adebayo Adelabu, has announced that the country’s available power generation will increase to 7,000 megawatts (MW) with the planned electricity tariff adjustment. This follows Nigeria’s recent record peak power generation of 5,801.84MW. According to a statement by his adviser, Bolaji Tunji, Adelabu explained that adjusting electricity tariffs is necessary for improving […]
Electricity Consumers To Pay Fines For Illegal Connection, Meter By-Pass
The Nigerian Electricity Regulatory Commission (NERC) has announced that electricity users who bypass their meters or connect illegally will face fines starting at N100,000. The penalty can go up to N300,000, depending on the type of customer. For maximum demand customers, the fines are even stricter. If caught stealing electricity, they must pay between 450% […]
You will shed tears if you see some of the investigations we are carrying out within the power sector Says EFCC Chairman
Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), recently revealed some disturbing truths about the state of corruption in Nigeria’s power sector. Speaking during a visit by the House of Representatives Committee on Financial Crimes to the EFCC’s headquarters in Abuja on November 12, 2024, Olukoyede said the level of corruption […]