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Power Crises: More Electricity Woes As Tariff Shortfall Heads To N822bn

Power Crises: More Electricity Woes As Tariff Shortfall Heads To N822bn     Against the backdrop of the recent reversal of the new electricity tariff take-off,, the World Bank has indicated that Nigeria’s electricity tariff shortfall would rise by 56.9 per cent to N822 billion in 2023...

NASS, Discos Ask FG To Subsidise Electricity Consumption

NASS, Discos Ask FG To Subsidise Electricity Consumption   The National Assembly and electricity distribution companies have asked the Federal Government to subsidise eletricity consumption. The Discos had on Monday told the National Assembly leadership that the only condition to halt tariff hike was for the Federal...

New Electricity Tariffs Effective July – Power Minister

New Electricity Tariffs Effective July - Power Minister     The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff would take off in July. He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact...

Nigeria Exported N32bn Worth Of Electricity In 2019 — NERC

Nigeria Exported N32bn Worth Of Electricity In 2019 — NERC     The Republics of Togo, Niger and Benin received a total invoice of N32.04bn for the electricity supplied to them from Nigeria in 2019, data from the Nigerian Electricity Regulatory Commission have shown. Nigeria, through some of...

Electricity: Consumers To Pay More For Prepaid Meters

Electricity: Consumers To Pay More For Prepaid Meters   Power consumers are going to start paying more for prepaid meters as the Nigerian Electricity Regulatory Commission has hiked the cost of the commodity. It was gathered in Abuja on Monday that the commission had increased the price...

Buhari Okays Nigeria, Siemens Electricity Deal Funding

Buhari Okays Nigeria, Siemens Electricity Deal Funding     President Muhammadu Buhari, has given the nod to a German firm, Siemens AG, to begin the concessionary funding and provision of technical support to the country’s power sector. According to the official twitter handle of the Presidency, @NGRPresident, Buhari...