Electricity Consumers Pay N783bn as Subsidy Gulps N376bn
The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday.
The latest power subsidy...
Cashflow in Nigeria’s Power Sector Grows to N900bn - NERC
The Nigerian Electricity Regulatory Commission, NERC, says liquidity in Nigeria’s power increased from N282 billion in 2015 to N900 billion.
The Chairman of NERC, Engr Sanusi Garba, disclosed this on Thursday at the three-day ministerial retreat...
FG To Spend N600bn On Electricity Subsidy In 2023
The federal government might have to pay N600bn as electricity subsidy in 2023.
The Chairman/CEO of the Nigerian Electricity Regulatory Commission (NERC), Engr. Sanusi Garba made the disclosure at the ministerial retreat on the Integrated National Electricity...
Discos Install new 178,864 Meters, Reject 114.53MWh/h in H2 - Report
The Nigerian Electricity Regulatory Commission has revealed that power distributors failed to accept an average of 114.53 megawatts-hour/hour of electricity in the second quarter of 2023 despite its low supply across the country.
NERC disclosed...
Power: FG, CBN Partner to Fund Four million Meters
The Federal Government in partnership with the Central Bank of Nigeria, says it would fund the production of four million prepaid meters locally.
This was revealed in a power sector document, ‘2022 Market Competition Report’ by the...
NERC Threatens Disconnection of Ajaokuta Steel Over N25bn Debt
Electricity distribution companies through the Nigerian Electricity Regulatory Commission have warned the Federal Government that failure to settle its electricity bills totalling N25bn may result in its facility, Ajaokuta Steel Co. Ltd,’s disconnection from the national...
