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Tag: unstable power supply

Electricity

Power outages cost Nigerian firms 3% annual sales — AfDB

Power outages are costing Nigerian businesses an estimated three per cent of their annual sales, forcing firms to spend heavily on alternative power sources and exposing the economic cost of the country’s infrastructure deficit. This is according to the African Development Bank’s African Economic Outlook 2026 report, which found that unreliable electricity supply has become […]

Electricity featured

Power supply to improve gradually in two weeks — Adelabu’s aide

The Chief Technical Adviser to the Minister of Power, Adebayo Olowoniyi, says Nigerians should begin to see gradual improvement in electricity supply as maintenance work on a major gas pipeline nears completion, with full restoration expected within two weeks. Olowoniyi stated this on Thursday while appearing on Arise TV, days after the minister, Adebayo Adelabu, […]

Electricity featured

Power supply may worsen, national grid warns

Nigeria’s electricity supply faces a potential further decline as gas suppliers are considering suspending supply to thermal power plants due to mounting debts owed by power generation companies. The National Grid Nigeria, the operator of the national grid, revealed this development in a statement posted on its official X account on Thursday. The disclosure warned […]

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 […]

SMEs lament multiple taxes, poor power supply
Business

SMEs lament multiple taxes, poor power supply

Stakeholders in the Small and Medium-Scale Enterprises segment of the economy have lamented that lack of adequate power supply and multiple taxes are major issues strangling the growth of SMEs in Nigeria. The stakeholders identified SMEs as key drivers of the economy in Nigeria while calling on the government to do more in areas of […]

Economy

Power gulps 40% of our production costs – Manufacturers

The Chairman, Board of Directors, Manufacturers Power Development Company, Ibrahim Usman, speaks on how unstable power supply is adversely affecting the manufacturing sector in this interview Six years ago, the Manufacturers Association of Nigeria started MAN Power Development Company. How successful has this initiative been? What have been the challenges? Well, I can say that […]

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