•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...
Over 20 of the 27 electricity plants on the Nigerian electricity grid are in shambles as some of the plants are producing only about 0.2 per cent of their installed capacity. The Nigerian Electricity Regulatory Commission (NERC) in its third quarter report for the year showed that troubles await the aging plants, leading to recurring […...
•Power Minister Adebayo Adelabu In another attempt to end the inefficient operation of the electricity distribution chain and ownership crisis in many of the eleven Distribution Companies (DisCos), the federal government has decided to sell off its 40 per cent shares in the firms. Director-General of the Bureau of Public Enterprises (BPE) Alex...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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