•Nigerian Senate and Tinubu The Senate today, made a resounding plea to the Tinubu-led federal government, urging it to refrain from eliminating the electricity subsidy, particularly in light of the prevailing hardships experienced across the nation. The Senate’s stance emerged following a thorough deliberation and subsequent endorsement of a ...
•Aso Rock President Bola Tinubu has ordered the immediate payment of Aso Rock’s electricity bill to avoid disconnection in the nation’s seat of power. In an advertorial titled ‘Notice of disconnection’ published on Monday, the Abuja Electricity Distribution Company (AEDC) said the presidential villa owes an electricity bill of N923.87 million....
•Ibrahim Olesin A chieftain of the All Progressives Congress (APC) in Kwara State, Ambassador (Dr.) Ibrahim Tajudeen Olesin, has expressed concern that the planned removal of electricity subsidy is likely to compound the suffering among Nigeria’s poor masses and may lead to chaos in the country. It will be recalled that the International Monet...
•Prepaid meters Nigeria’s foreign exchange and inflation have combined to push the prices of prepaid meters year-on-year, YoY by 80 percent to N147, 610.43 (Single phase) in February 2024, from N81, 975 in the corresponding period of 2023. Similarly, the price of the double phase meter also surged YoY by 80 per cent to N259, […]
The Minister of Power, Adebayo Adelabu, says Nigeria cannot continue to subsidise electricity, adding that the nation must begin to move towards a cost-effective tariff model, as the country is currently indebted to the tune of 1.3 trillion naira to generating companies (GenCos) and 1.3 billion dollars owed gas companies. Adelabu who addressed...
•Tinubu President Bola Tinubu has assented to the Electricity Act (Amendment) Bill, 2024, into law. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, announced this in a statement today. He said the Electricity Act (Amendment) Bill, 2024, seeks to address the development and environmental concerns of host communities,...
The Transmission Company of Nigeria (TCN) says the national grid has been fully restored after a partial disturbance at about 11:21 a. m. yesterday. Mrs Ndidi Mbah, TCN’S General Manager Public Affairs in a statement in Abuja yesterday said that the company initiated immediate restoration of the affected part of the grid.’ “The Transmiss...
Nigeria has plunged into darkness once again as the nation’s electricity grid collapsed. The Transmission Company of Nigeria (TCN) managed grid went down at approximately 11:51 AM today, reducing the system’s capacity from 2,407 megawatts to a mere 31MW by noon and reaching zero by 1 PM, reports The Guardian. Despite the federal government pri...
Through the Nigerian Electricity Regulatory Commission (NERC), the Tinubu-led federal government yesterday approved an upward review in electricity tariff. NERC Chairman Sanusi Garba, who broke the news in Abuja, said it would cost the government between N120 billion to N130 billion monthly (N1.6 trillion) to subsidise electricity this year, r...
There are strong indications that the electricity distribution companies (DisCos) in the country will hike their tariffs with effect from tomorrow Monday January 1. An official source from one of the electricity distribution companies who confirmed the development under the condition of anonymity said a virtual emergency meeting was held in th...
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