DisCos’ Sustainability Questioned As FG Pays N50bn Monthly Subsidy
The government’s financial support to the power sector hovering around N2.3 trillion in the past few years has raised concerns among stakeholders who insisted, yesterday, that the industry is at a crossroad.
The Minister of Power, Sale...
FG Mulls New Options To Deliver Prepaid Meters
The Federal Government has started considering new options in delivering prepaid meters to 60 per cent of consumers still being exploited through estimated billing in Nigeria.
In its ‘Consultation Paper on the Review of Meter Asset Provider’ obtained...
11 DisCos Failed To Remit N160.1bn In Q2, 2020
The Nigerian Electricity Regulatory Commission (NERC) said the 11 electricity Distribution Companies (DisCos) failed to remit N160.1 billion in Second Quarters (Q2 2020) to the Market Operator (MO) of the Transmission Company of Nigeria (TCN).
In the...
CBN To Inject N118bn Into DisCos
The Central Bank of Nigeria (CBN) will be disbursing N118 billion for power distribution projects across the six geopolitical zones.
Senior Special Assistant to President Muhammadu Buhari on Public Affairs, Ajuri Ngelale, disclosed this on Sunday.
This, he said, would enable...
Labour Pushes For 40% Reduction In Electricity Tariffs
There is a stalemate in the push for electricity tariffs reversal championed by Organised Labour.
Labour is pushing for a 40 per cent reduction following September’s increase by the Federal Government.
Labour’s argument is based on findings that gas,...
Power Sector Deficit Hits N396.86bn In Nine Months
The liquidity situation in Nigeria’s power sector has worsened, as the indebtedness of the distribution companies, DisCos, to Nigerian Bulk Electricity Trading, NBET, Plc., has increased to N396.86 billion, indicating an increase of seven per cent, compared...
