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Tag: Electricity

FG owes N100bn electricity bill debt - Distributors
News

FG owes N100bn electricity bill debt – Distributors

The Executive Director of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has disclosed that the Nigerian government holds an outstanding debt of approximately N100 billion in electricity payments. In an interview with Arise TV on Sunday, Oduntan emphasized the importance of the government creating an enabling environment for energy distributors in the country. He […]

Unresolved customer complaints against DISCOs disheartening, says FCCPCC boss
News

Unresolved customer complaints against DISCOs disheartening, says FCCPCC boss

There were numerous complaints on over billing, community transformer issues, accounts reconciliations, energy capping, tariff, metering, billings before connection to a new building, and disconnection without notice amongst others, recorded against the Ikeja Electricity Distribution Company at the recently concluded electricity consumer complaints resolution platform. The event, which was organised by the Federal Competition and […]

Power crisis hits manufacturers as energy costs rise 27%
News

Power crisis hits manufacturers as energy costs rise 27%

Melvin Onwubuke In view of the crisis affecting the power sector in Nigeria, the energy costs incurred by some of the largest listed companies in the country increased significantly last year. The most energy costs reported in 2023 are recorded by cement manufacturers, with BUA Cement posting an increase of 86.5 percent to N123,26 billion […]

Why I established $3.5m green entrepreneurship program - Elumelu
Opinion

Elumelu calls for privatization of electricity transmission lines

Melvin Onwubuke   Nigerian business tycoon, Tony Elumelu, has asked the federal government to privatize the transmission lines to enhance electricity supply and promote economic growth in the country.   Elumelu said in an interview with Bloomberg on Wednesday that the restructuring of the electricity sector is crucial for the recovery of the economy, and […]

92 million Nigerians without access to electricity - FG
featured News

92 million Nigerians without access to electricity – FG

Melvin Onwubuke The Federal Government stated on Friday that, there are about 92 million Nigerians, who do not have access to electricity from the national grid. This was disclosed by the Minister of Power, Adebayo Adelabu, at the closing ceremony of the 7th Nigeria International Energy Summit in Abuja, according to The Punch. In the […]

FG targets 6500 megawatts power generation in six months
News

FG vows to increase supply of electricity

Nigerians have been reassured by Minister of Power, Bayi Adelabu, that power would be supplied incrementally. According to The PUNCH on Wednesday, Adelabu, through his media assistant Bolaji Tunji, urged composure and stated that the electricity industry would soon see growth. The nationwide grid meltdown on Sunday and persistently low power supplies preceded the minister’s […]

EKEDC chair demands increased investment in electricity sector
Electricity

EKEDC chair demands increased investment in electricity sector

The Chairman of the Board of Directors of Eko Electricity Distribution Company,  Dr Dere Otubu, has advocated for additional investment in Nigeria’s power sector to satisfy the country’s rising energy demand. According to The PUNCH, Otubu made the plea during a recent discussion hosted by the Nigeria-India Business Council’s trade mission to Nigeria in Abuja. […]

FG targets 6500 megawatts power generation in six months
featured

Electricity subsidies consume N376bn in nine months

The Federal Government spent N375.8 billion on electricity subsidies between January and September of this year, while power customers paid a total of N782.6 billion for the commodity over the same time, according to data released on Sunday. The PUNCH reported that according to the most recent data on power subsidies, which were received in […]

FG targets 6500 megawatts power generation in six months
Business

NOMAP, Nasarawa collaborate on electricity projects

The Nasarawa State Government has partnered with the Nigeria Off-Grid Market Acceleration Program in order to ensure the swift development and implementation of the state’s energy projects and to advance its power and sustainability agenda, following President Bola Tinubu’s signing of the Electricity Act, 2023 into law. The PUNCH reported that the collaboration, according to the […]

FG targets 6500 megawatts power generation in six months
featured

Power sector cash flow hits N900bn – FG

Nigeria’s power industry saw a rise in liquidity from N282 billion in 2015 to N900 billion as of Thursday. The Federal Government also reported that the industry’s financial burden had decreased by around N373 billion. The Punch revealed that this information was revealed during the Ministerial Retreat on the Integrated National Electricity Policy and Strategic Implementation […]

How increased electricity access will drive investment - Seplat
Electricity

How increased electricity access will drive investment – Seplat

The Director of External Affairs and Social Performance at Seplat Energy, Chioma Afe, has stated that increasing access to electricity is critical for driving the development of the Nigerian economy. According to The Punch, she expressed concerns regarding the negative effect that the nation’s high diesel imports are having on its foreign exchange reserves. Data from the […]

Nigerians spent N509.84bn on electricity in Q4 2024 - NERC
Electricity

Power consumers paid N268bn electricity bills in Q2 – FG

The Federal Government announced on Monday that power users spent N267.86 billion on electricity bills in the second quarter of this year. According to The Punch, this information was provided by the Nigerian Electricity Regulatory Commission in its recently issued report for the second quarter of 2023, which also discussed the effectiveness of electricity distribution […]

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