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Tag: Power sector

FG targets 6500 megawatts power generation in six months
Electricity

FG issues ₦501bn bond to tackle power sector liquidity crisis

The Federal Government’s N501.02 billion bond issuance has been described as a major milestone in Nigeria’s power sector reform agenda aimed at addressing longstanding liquidity challenges. Mr Bolaji Tunji, Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Mr Adebayo Adelabu, said this in a statement on Monday in Abuja. Tunji […]

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity

Stakeholders demand accountability in Nigeria power industry

Stakeholders in Nigeria’s electricity sector have renewed calls for coordinated reforms, stronger accountability and a structured transition to cleaner energy, as the Nigeria Electricity Supply Industry Week 2026 was officially unveiled in Abuja. The initiative, according to its organisers, is aimed at addressing longstanding challenges in the sector by fostering sustained collaboration among regulators, operators, […]

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity featured

FG issues ₦501bn bond to settle power sector debts

The Federal Government has moved to address Nigeria’s estimated N4 trillion power sector debt as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme following the issuance of a N501 billion bond. The bond recorded 100 per cent subscription when it was issued in Lagos on Tuesday, drawing participation […]

FG bags $2.2bn Sun Africa deal to develop power sector
News

FG bags $2.2bn Sun Africa deal to develop power sector

  By Wilson Adekumola The Federal Ministry of Power has disclosed that Sun Africa LCC has promised $2.2 billion to develop Nigeria’s power sector. Minister of Power, Adebayo Adelabu disclosed this in a statement issued in Abuja on Sunday after a meeting with representatives of Sun Africa, led by its Chairman, Goran Rajsic. The statement […]

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