FG Pays N205bn From N1.3trn Owed Power Generation Companies The federal government yesterday said it had offset N205 billion from the N1.3 trillion debt owed Generation Companies (Gencos) to raise the level of liquidity in the power sector. The government also stated that the noticeable improvement...

Power Generation Increases by 25% in 12 months, Says Minister The Minister of Power, Adebayo Adelabu, has announced a 25 percent increase the Nigeria’s power generation, stating that this has occurred within one year of his appointment to head the ministry. Adelabu disclosed this at the...

World Bank, AfDB Move To Invest $7.5bn In Nigeria’s Power Sector   The Minister of Power, Adebayo Adelabu, has said that the World Bank and the African Development Bank have concluded plans to invest $30bn in boosting electricity in Africa. Of this sum, Adelabu said Nigeria will...

FG Recovers N12.7bn Metering Funds from Local Supplier after 21 years – Adelabu The Minister of Power, Adebayo Adelabu, has revealed how his ministry recovered the sum of N12.7 billion from a local supplier 21 years after payment by the federal government. Adelabu made this disclosure...

Tinubu: After One Year, Where is the Light  By Lawal Dahiru Mamman The power sector has long been a critical concern in Nigeria. Prior to the 2023 general elections, President Bola Ahmed Tinubu promised, in his manifesto, to revamp this important sector of the economy. "Nigeria's growth...

FG Promises Speedy Completion of 378MW Imo Power Plant The Federal Government has promised accelerated completion of the 378.3 megawatts Egbema Power Plant in Imo State, saying it is currently 70 per cent completed. The Minister of Power, Adebayo Adelabu, gave the assurance at the weekend...