The Federal Government incurred a total of N536.4bn in electricity subsidy obligations in the first quarter of 2025 alone, amid its struggles to pay over N4tn debt owed to power generation companies.

The Minister of Power, Adebayo Adelabu has said the Federal Government needs about 10 billion dollars to salvage the power sector.

Electricity Subsidy Bill Surges to N762bn   Electricity subsidy has increased to about N762bn in the first four months of 2025. Figures from various reports of the Nigerian Electricity Regulatory Commission (NERC) showed that the subsidy on power was approximately N178bn in January. It rose to N194bn...

FG to Settle N2trn Debt Owed to GenCos by December   The Minister of Power, Adebayo Adelabu, has announced that the government has outlined plans to offset N2trn out of the N4tn debt owed to power generation companies by the end of the current year. He said...

The Federal Government has announced a significant improvement in the stability of Nigeria’s power grid, attributing it to the installation of an additional 700 megawatts in transmission capacity.

Federal Government says it is set to receive the first batch of 3,205,101 meters procured to bridge the metering gap in the country.