DisCos Generate N1.1tn in 2023
The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained from the Nigerian Electricity Regulatory Commission on Wednesday showed.
An analysis...
Discos Rake in N1.1tn as FG Spent N629bn on Electricity Subsidy in One Year
The Nigerian Electricity Regulatory Commission data has revealed that the Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during...
$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 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...
Meter All 'Brand A' Feeders, NERC Tells DisCosÂ
The Nigerian Electricity Regulatory Commission (NERC) has said it should be the priority of power distribution companies to meter all customers on Band A feeders.
This came barely one week after the NERC approved over 200 per cent...
Metered Customers Reach 12.12m in 2023 Q4 - NBS
The total number of metered customers in Nigeria increased by 3.46% in the fourth quarter of 2023, to reach 12.12 million.
This is according to the latest data released by the National Bureau of Statistics (NBS)
This, according...
