By Seun Ibiyemi Despite blackouts in some parts of the country, the electricity distribution companies in Nigeria generated revenue of N291.62bn in the first quarter of 2024. This was even as the nation lost 673 megawatts of power generation capacity…
The Minister of Power, Mr Adebayo Adelabu has inaugurated the Ministerial Power Sector Working Group to serve as a platform for supervisory, monitoring and oversight control of the power sector. Adelabu, while speaking at the inauguration in Abuja, said that…
The Minister of Power, Mr Adebayo Adelabu says the Federal Government requires $10 billion investment yearly, to revive the power sector for the next 10 years. Adelabu said this in Abuja on Monday, at a one day investigative hearing on…
The Minister of Power, Chief Adebayo Adelabu, on Friday said that the huge investment of the federal government in the power sector was being under utilized. Adelabu made this known during a tour of all federal government power installations in…
The federal government has revealed that the electricity companies in Nigeria are short of N2 trillion ($2.5 billion) in capital to revive the industry and provide a steady power supply nationwide. Olu Verheijen, an adviser to President Bola Tinubu on…
The Federal Government has announced that the liquidity in Nigeria’s power increased from N282 billion in 2015 to N900 billion currently, adding that its financial burden in the industry had been reduced by about N373 billion. It disclosed this through…
The African Development Bank (AfDB) has expressed deep concerns that Nigeria’s unending power sector crisis would keep the manufacturing sector under developed without chances to compete in the context of the African Continental Free Trade Area (AfCFTA). President of the…
As President Muhammadu Buhari prepares to exit power come May 29th next year, it has become increasingly glaring that Nigeria’s decade-old electricity crisis will persist despite his pledge to turn things around. Though estimates of power needs for Africa’s largest…
…Says NDPHC projects aid improvement in electricity supply Media practitioners in the country have been enjoined to be objective in reporting and present their subjects in a professional manner that it could proffer solutions to societal problems. An astute Media/Public…
The monthly shortfall in revenue remittances to the power sector stands at N35bn, the Executive Secretary of the Association of Power Generation Companies, Joy Ogaji, said on Thursday. This amounts to N420bn yearly. APGC is the umbrella body of Nigeria’s…
