FG to Settle N130bn Debt to Gas Suppliers – Power Minister The Minister of Power, Adebayo Adelabu, has announced the readiness of the Federal government to payoff N130 billion to gas suppliers from over N2 trillion debt owed to them. Adelabu disclosed this at the ongoing...

Power Generation Rises to 4,800MW, Minister Discloses The Federal Government says Nigeria’s electricity generation has risen to 4,800 megawatts up from around 3500 in March. This is as the government accused some “cartels and cabals” as those who did not want the power sector to function...

$10bn Required Annually for Ten Years to Revive Power Section, Minister Says The Federal government has emphasised that for the power sector to operate at peak performance, an annual investment of $10 billion is imperative, just as it also disclosed that the country would allocate...

FG Targets 6,000 Megawatts Electricity Generation By 2024   Minister of Power, Mr Adebayo Adelabu, says the Federal Government plans to increase power generation from 4000 Megawatts to 6000 by the end of 2024 to boost electricity. Adelabu said this in Abuja on Monday when the members...

FG Commences Restructuring of 11 DisCos – Power Minister   Power distribution companies in Nigeria are currently being unbundled along state lines due to their large sizes that often result in efficiency and ineffectiveness, the Federal Government declared on Monday. It stated that the privatisation of the...

Electricity Tariff May Drop If Exchange Rate Falls Below N1,000 – Adelabu The Minister of Power, Adebayo Adelabu, says the N225 Kilowatt-Hour being paid by electricity consumers on Band A will reduce if the exchange rate falls below N1,000 to a dollar. Adelabu said this Thursday...