Amidst widespread skepticism, Minister Adebayo Adelabu claims that the recent tariff hike in Nigeria's power sector is attracting investors. Adelabu asserts that the policy encourages local and foreign investors, despite public outcry.
In response to mounting pressure for the reversal of the...
Minister of Power, Adebayo Adelabu, declared that Nigeria cannot sustain the ongoing subsidization of electricity due to a mounting debt of 1.3 trillion naira to generating companies (GenCos) and 1.3 billion dollars owed to gas companies.
Addressing a press conference in Abuja on Wednesday...
Nigerians will start paying more on electricity supply as the Federal Government plans to boost power supply. The Minister of Power, Saleh Mamman, said the hike was inevitable due to the rising cost of electricity generation in Nigeria.
According to Mamma, improvement in electricity supply...
Nigeria appears to have been hit by system collapse to the national grid, according to reports from across the country.
Several social media users reported seizures of electricity to their areas starting Friday night. ...
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The Nigerian government, between 1999 and 2010, reportedly spent over N4.7 trillion on power, but the country remained in darkness.
Eight years later, Jonathan and Buhari administrations invested another N1.164 trillion into the sinkhole through capital releases, yet homes and factories in...
Significant policy decisions taken last year including N701billion payment assurance to Generation Companies (GenCos), declaration of eligible customer, enactment of the Power Sector Recovery Programme (PSRP) and increased transmission investments helped Nigeria achieve a peak on-grid capacity...
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