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...
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...
