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LIRS sets January 31st deadline for filing tax returns

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Private power supply costs N750/kWh, says Minister Adelabu
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‘Missing N128bn’ power funds occurred before my tenure – Adelabu

The Minister of Power, Adebayo Adelabu, has rejected claims that more than N128 billion went missing under his leadership, stating that the funds in question were allegedly lost before he assumed office. Adelabu made this clarification on Monday following a call by the Socio-Economic Rights and Accountability Project for an investigation into the Ministry of […]

Private power supply costs N750/kWh, says Minister Adelabu
Electricity

Adelabu assures Nigerians of improved power supply in 2026

The Minister of Power, Adebayo Adelabu, has described 2025 as a year of focused groundwork and deliberate progress in Nigeria’s power sector, assuring Nigerians that 2026 will deliver more reliable, accessible and sustainable electricity to homes and industries across the country. The assurance was contained in his New Year message to Nigerians and the people […]

Electricity

FG to kick out poorly perfoming DisCos – Power minister

The Minister of Power, Chief Adebayo Adelabu, on Monday declared that the Federal Government will not renew the licenses of poorly performing electricity distribution companies when they expire in 2028. Speaking during a session on the power sector at the Nigerian Economic Summit 2025 in Abuja, Adelabu squarely blamed the DisCos for the persistent poor […]

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Nigerians will see major improvement in power supply – Minister

Minister of Power, Chief Adebayo Adelabu, has said that President Bola Tinubu’s administration is tackling the deep-rooted structural challenges that have hindered Nigeria’s power sector for years. Speaking on Friday, he described the recent improvements in electricity supply as just the beginning, noting that far greater progress will be seen in the coming years. Adelabu, […]

Electricity

FG to enhance power grid by 4,000MW – Adelabu

The Minister of Power, Adebayo Adelabu, has announced that the Federal Government’s renewed intervention will boost Nigeria’s grid capacity by 4,000 megawatts by the end of 2026. This was revealed in a statement by Bolaji Tunji, the minister’s Special Adviser on Strategic Communications and Media Relations. According to a statement, this development is part of […]

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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