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Blackout Looms as Gas Firms Cut Supply Over N3.3tn Debt

Blackout Looms as Gas Firms Cut Supply Over N3.3tn Debt Nigeria’s electricity crisis may worsen in the coming weeks as gas suppliers halt supply to thermal power plants over an estimated N3.3tn debt owed by power generation companies, a development that could deepen the nationwide...

FG Pushes Local Power Components to Cut Forex Use

FG Pushes Local Power Components to Cut Forex Use The Minister of Power, Adebayo Adelabu, has challenged the Energy Commission of Nigeria and the Rural Electrification Agency to deepen collaboration aimed at boosting local production of electricity components, cutting imports, and conserving foreign exchange. Adelabu said...

FG Directs States to Establish Power Firms

FG Directs States to Establish Power Firms The Federal Government has urged the 36 states to assume full responsibility for power generation, transmission, and distribution as part of efforts to end Nigeria’s lingering electricity crisis. The Minister of Power, Adebayo Adelabu, said this in Lagos on...

FG Plans 7,000MW Boost to National Grid – Adelabu 

FG Plans 7,000MW Boost to National Grid - Adelabu  The Minister of Power, Chief Adebayo Adelabu, has announced that the Federal Government is moving into the first phase of the Siemens power project, which will add an additional 7,000 megawatts to the national grid and...

FG, ISA Launch $500m Fund to Boost Solar Expansion

FG, ISA Launch $500m Fund to Boost Solar Expansion The Federal Government, in collaboration with the International Solar Alliance, has launched a $500m Distributed Renewable Energy Nigeria Fund to accelerate solar energy deployment nationwide. This was disclosed in a statement on Wednesday by Bolaji Tunji, media...

FG, Partners Launch $32.8bn Electricity Devt Plan

FG, Partners Launch $32.8bn Electricity Devt Plan The Federal Government has reiterated its commitment to setting the power sector on the path of sustainability and bankability by prioritising the different reforms being undertaken in the industry. This, it said, is critical to the economic growth...