NERC Transfers Regulatory Oversight to Ekiti Board
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday, April 23, revealed that it has transferred regulatory oversight of the electricity market in Ekiti state from the commission to the Ekiti State Electricity Regulatory Bureau (EERB).
According to the commission,...
FG Targets 6,000 Megawatts Electricity Generation By 2024
Minister of Power, Mr Adebayo Adelabu, says the Federal Government plans to increase power generation from 4000 Megawatts to 6000 by the end of 2024 to boost electricity.
Adelabu said this in Abuja on Monday when the members...
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...
