Electricity Tariff Hike Looms as Monthly Subsidy Hits N181bn Electricity customers on Band A feeders may need to brace up for a possible tariff increase following the rise in the electricity tariff shortfall otherwise known as subsidy. The electricity subsidy to be paid by the Federal...

FG Targets 30GW Power Supply by 2030, Outlines Measures Put in Place The Minister of Power, Adebayo Adelabu, has said Nigeria is committed to achieving universal energy access by 2060, with a short-term target of attaining 30 gigawatts of grid energy supply by 2030. He disclosed...

Electricity Subsidy: Hospitals, Tertiary Institutions May Gulp N188bn   The Federal Government may spend approximately N188.25 billion annually to subsidise electricity supply for about 75 public tertiary hospitals and 300 educational institutions across the country. This follows the Federal Government’s approval of a 50 per cent subsidy...

Nigeria to Invest $800m in Power Sector The Federal Government says it plans to invest 800 million dollars in the construction of sub-stations and distribution networks as part of the Presidential Power Initiative (PPI). This is contained in a statement issued by Mr Bolaji Tunji, the...

Power Generation Drops by 1,400MW Efforts by the Federal Government to ramp up power generation seem to be suffering a setback following the refusal of the electricity distribution companies to off-take the power allocated to them. The Minister of Power, Adebayo Adelabu, decried the rejection of...

FG, States to Procure Prepaid Meters with N100bn The Federal Government and the states have raised N100bn for the procurement of prepaid electricity meters. Minister of Power, Adebayo Adelabu, said this was under the Presidential Meter Initiative programme. Adelabu disclosed this while addressing broadcasters in Ibadan, the...