The recent revelation by the Federal Ministry of Power that 63 transmission towers were vandalised between January and August is a stark reminder of the challenges facing Nigeria’s power sector. The ministry’s statement, laced with a sense of mortification, highlighted…
…Initiative to eliminate arbitrary, estimated electricity bills …Residents now have faster, easier access to subsidised meters …Ondo first state in Nigeria to operationalise power sector law In line with his promise to reform the power sector and ease the burden…
By Seun Ibiyemi The Federal Government says it plans to invest $800 million in the construction of substations and distribution networks as part of the Presidential Power Initiative (PPI). This is contained in a statement issued by the Special Adviser,…
Consumer debts and vandalism of power infrastructure have been identified as factors hindering the growth of the power sector, Minister of Power, Oloye Adebayo Adelabu has revealed. The Minister disclosed this yesterday when he received members of the Civil-Military Cooperation…
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…
