Budget 2021: FG Earmarks N152bn For Electricity       The Federal Government is to pay power generation companies through Nigerian Bulk Electricity Trading, NBET, the sum of N152.416 billion in 2021. According to details of the 2021 budget now before National Assembly, this forms one of the largest...

REA Seeks $2bn To Power 80 million Rural Dwellers         The Rural Electrification Agency (REA) on Wednesday said over $2bn was required to power 80 million Nigerians who currently lack electricity and reside mostly in rural areas across the country. REA’s Managing Director, Malam Ahmad Salihijo Ahmad,...

TCN, Discos Hindering 4,000MW Generation Daily - Gencos       The quantum of electricity generated in Nigeria is rejected or forced to be reduced by an average of 4,210 megawatts daily due to transmission and distribution constraints, power generation companies said on Monday. In a document obtained in...

In 2019, Gencos Generated 33,448,633MWh - NBS       A total of 33,448,633 megawatts-hour of energy was generated by power generation stations across the country in 2019, the National Bureau of Statistics said on Tuesday. This came as power distributors again said on Tuesday that the Nigerian Electricity...

Hike: Electricity Consumers To Pay N417.09bn In Four Months       Following the recent increase in electricity tariffs, the 11 distribution companies in the country are allowed to collect a total of N417.09bn from their customers from September to December. The Discos had early this month announced what...

GenCos Sell N294.16bn Electricity In Five Months       Electricity generation companies in the country sold electricity worth N294.16bn in the first five months of this year to the Nigeria Bulk Electricity Trading Plc. The government-owned NBET buys electricity in bulk from Gencos through Power Purchase Agreements and...