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...

N2.3trn Required to Sustain Fuel, Electricity Subsidy, IMF Cautions The International Monetary Fund (IMF) has warned that continuation of fuel and electricity subsidy will cost Nigeria N2.33 trillion or three per cent of its Gross Domestic Product, GDP in 2024. The warning was contained in the...

N2.3trn Required to Sustain Fuel, Electricity Subsidy, IMF Cautions The International Monetary Fund (IMF) has warned that continuation of fuel and electricity subsidy will cost Nigeria N2.33 trillion or three per cent of its Gross Domestic Product, GDP in 2024. The warning was contained in the...

Geometric Power: Abia Residents Celebrate 48 Hours Of Uninterrupted Electricity Residents of Aba, Abia State are celebrating 48 hours of uninterrupted power supply following the installation of the Geometric Power Plant. Since one out of four turbines at the plant was switched on on Sunday, February...

REA To Train Operators On Sustainable Energy In collaboration with Ernst & Young, the Rural Electrification Agency (REA), plans to organise a workshop on improved energy access through partnership with state governments and distribution companies. According to a statement from Ernst & Young on Tuesday, the...

N47bn Debt: CBN, Aso Villa, DHQ Face Disconnection   No fewer than 86 ministries, agencies and departments of government are owing the Abuja Electricity Distribution Company to the tune of N47bn. According to a public notice by the management of the AEDC, the Presidential Villa owes the...