DisCos’ sustainability questioned as FG pays N50bn monthly subsidy
The government’s financial support to the power sector hovering around N2.3 trillion in the past few years has raised concerns among stakeholders who insisted, yesterday, that the industry is at a crossroad.
Between downstream deregulation and petrol subsidy re-introduction
From 2006 to 2019, Nigeria reportedly spent N10.7 trillion subsidizing the consumption of Premium Motor Spirit (PMS).
Nigerians in rural areas to get electricity through solar system -Minister
The Minister of Power, Mr Sale Mamman, says the Federal Government is driving a robust solar system strategy that will help in delivering power supply to Nigerians, especially in rural areas.
FG to launch ‘Energy for All’ Plan for 5m households not on National grid – Minister
The Federal Executive Council (FEC) has approved the establishment of an Economic Sustainability Committee (ESC) as part of a plan to provide electricity for 25 million citizens who lacked access to the national grid, a statement from the Ministry of Power said.
TCN says Nigeria records 5,520.40MW transmission peak
Few days after announcing earlier this week that the Nigerian power sector recorded an all-time transmission peak of 5.459MW, the Transmission Company of Nigeria (TCN), yesterday, said a new national peak generation of 5,520.40MW has been recorded.
Power sector reform: $6.15bn grant will improve electricity supply, says minister
The Minister of Power, Mr Sale Mamman says the 6.15 billion dollars (about N2.373 trillion) recently secured by the Federal Government for the power sector will improve electricity supply in the country.
Return to work, FG tells contractors
Contractors handling projects in the power sector have been directed to return to site following easing of the COVID-19 lockdown.
Power sector reform and tariff hike
It is a common knowledge that The Minister of Power, Sale Mamman, at the Investigative Public Hearing on Power Sector Recovery Plan and the impact on COVID-19 Pandemic, organised recently by the Senate Committee on Power insisted that the new increment on electricity tariff....
DisCos’ tariffs hanging fire
I don’t speak for Vice-President Yemi Osinbajo but on this occasion I wish to say with certainty that he, like many of us, cannot be happy with the 100 per cent increase in electricity tariff that...
Why tariff increase won’t solve power sector woes
The financial crisis rocking Nigeria’s electricity sector might not abate despite the move by the Federal Government to increase tariff next month. Privatised in 2013 to reverse epileptic power supply and survive without overdependence on government resources...