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Tag: Adebayo Adelabu

Electricity

FG restructures TCN into two entities amid Nigeria’s electricity woes

The Minister of Power, Chief Adebayo Adelabu, has announced the unbundling of the Transmission Company of Nigeria into two separate entities: the Nigeria Independent System Operator and the Transmission Service Provider. Adelabu made this disclosure at the first edition of the Corporate Governance Forum in Nigeria, held on Monday in Abuja. He emphasized that the […]

News

Nigeria needs $10bn investments for stable electricity – Minister

The Federal Government has announced plans to partner with the private sector to raise part of the $10 billion required to provide consistent and reliable electricity across the country. This initiative is a key component of the government’s broader strategy to tackle the nation’s ongoing power supply issues, with a projected timeline of five to […]

News

Private power generation now priced at N750 per kWh

The Minister of Power, Adebayo Adelabu, has announced that private entities will face costs of up to N750 to generate one kilowatt-hour of electricity, primarily due to the soaring price of petrol. He highlighted that power generation using diesel-powered engines would be even more expensive, costing around N950 per kWh, according to The Punch. Speaking […]

News

Minister pushes for decentralized power grids to curb frequent collapses

The Minister of Power, Adebayo Adelabu, emphasized the need for regional power grids to address frequent grid collapses in Nigeria. Speaking on Wednesday at the unveiling of Hexing Livoltek, an electricity meter manufacturing company in Lekki, Lagos State, he noted that grid failures are nearly unavoidable due to the country’s poor power infrastructure, according to […]

News

Minister launches new meter manufacturing facility

The Minister of Power, Adebayo Adelabu, on Wednesday launched Hexing Livoltek, an electricity meter manufacturing company situated in Lekki, Lagos State. The company specializes in producing not only prepaid meters but also a range of electrical installations and solar products. During the unveiling, Adelabu commended Hexing for its substantial investment in Nigeria, particularly as many […]

News

40% of Nigerians now enjoy 20 hours of daily electricity – Minister 

The Minister of Power, Adebayo Adelabu, has announced that more than 40% of Nigerians are now enjoying over 20 hours of electricity daily, highlighting notable progress in the country’s power supply and efforts to improve electricity access. Adelabu made this disclosure on Sunday while detailing a review of the Ministry of Power’s activities over the […]

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Electricity consumers to spread meter payment over 10 year – Minister 

Minister of Power, Adebayo Adelabu, announced that electricity consumers receiving free prepaid meters will have up to 10 years to repay the cost. This clarification counters previous claims that customers who pay for their meters would receive refunds through energy credit, according to The Punch. Speaking recently in Ibadan, Adelabu acknowledged the rising costs of […]

featured

Power sector challenges are strategic not technical – Minister 

The Minister of Power, Adedayo Adelabu, has stated that the challenges facing Nigeria’s electricity supply industry are primarily strategic and structural, rather than technical. Adelabu made these remarks during a radio program in Ibadan, Oyo State, in response to criticism that his lack of technical expertise made him unfit to lead the power ministry, according […]

Electricity News

5,000MW power generation unacceptable – Adelabu

The Minister of Power, Adebayo Adelabu says it is unacceptable that Nigeria, a country with a population of over 200 million, can’t still produce 5,000 megawatts. This was disclosed by the Minister while receiving members of the Civil-Military Committee on Energy Security, in his office on Wednesday, according to The Punch. In a statement released […]

Electricity News

Nigeria’s imports reliance frustrating power sector development – Adelabu

The Minister of Power, Adebayo Adelabu, has stated that the nation’s reliance on imports for the equipment required for the overhaul of the power sector has been a significant setback. This disclosure was made by Adelabu when he recently visited Splendor Electric Nigeria Limited, a company producing electrical porcelain products in the Odogbolu area of […]

FG begins construction of 700km Lagos-Calabar highway
Oil and Gas

FG clears $120m gas debt as blackout persists

By Melvin Onwubuke The Federal Government has paid $120 million, from the $1.3 billion debt to gas companies, for supply to run gas-powered plants across the nation. This was disclosed by Ed Ubong, The Director, Decade of Gas Secretariat, during the ongoing 7th Nigeria International Energy Summit in Abuja on Thursday. Ubong expressed his delight, […]