FG Rolls Out $23bn Programme to Revamp Nigeria's Power Sector   The Federal Government has launched a bold initiative to bridge Nigeria's electricity gap, unveiling an ambitious energy access program aimed at revolutionizing the country's energy sector. It said the programme will require $23.2bn, out of which...

In 2024, the Federal Government of Nigeria invested N8.73bn in airport power infrastructure, mainly to guarantee a reliable electricity supply at the new international terminal of the Nnamdi Azikiwe International Airport in Abuja. 

DisCos Generate N466bn in Q3 as FG Shoulders N464bn Subsidy   The federal government incurred the sum of N464.12bn as subsidy payment in the electricity sector for the third quarter of 2024, a report by the Nigerian Electricity Regulatory Commission (NERC) showed. The report stated that the...

Nigeria Receives $500m W’Bank Loan to Boost Power Sector The Federal Government says it has received a $500m credit from the World Bank to boost the financial and technical capacities of electricity distribution companies. The Transmission Company of Nigeria said in a public notice on Thursday...

Discos Revenue Rise by 61.4% After 230% Electricity Tariff Hike   Revenues earned by electricity Distribution Companies (Discos) in Nigeria have risen by over 61.4 per cent after the Nigerian Electricity Regulatory Commission (NERC) approved a 230 per cent tariff increase for Band ‘A’ customers nationwide...

40% of Nigerians Enjoy 20 hours Electricity Supply Daily – Power Minister The Minister of Power, Adebayo Adelabu, has said that more than 40% of Nigerians now enjoy over 20 hours of electricity daily. He said this in a statement on Sunday detailing a review of...