Electricity Subsidy: Hospitals, Tertiary Institutions May Gulp N188bn   The Federal Government may spend approximately N188.25 billion annually to subsidise electricity supply for about 75 public tertiary hospitals and 300 educational institutions across the country. This follows the Federal Government’s approval of a 50 per cent subsidy...

Ajaokuta Steel Company Energy Debt Up N1.27bn, Risks Disconnection The moribund Ajaokuta Steel Company Limited risks being disconnected from the power grid over its failure to pay the N1.27bn electricity debt it incurred in the first three months of the year. Described as a special customer,...

Power: Togo, Benin Electricity Debt Rises $14m, Says FG The Nigerian Electricity Regulatory Commission revealed that none of the four international bilateral customers being supplied by the power generation companies in the Nigerian electricity supply industry made payment against the cumulative invoice of $14.19m issued...

NERC Transfers Regulatory Oversight to Oyo The Nigerian Electricity Regulatory Commission (NERC) on Tuesday, August 6, announced the transfer of regulatory oversight of electricity market in Oyo State to the Oyo State Electricity Regulatory Commission (ISERC). This was contained in an order dated 5th August 2024,...

Kaduna Electric Disconnects Kaduna State Government House Over Debt of N2.9 Billion • No Payments for Electricity Consumed in Seven Months In a dramatic move that underscores growing tensions between utility providers and state governments, Kaduna Electric has cut off electricity supply to the Kaduna State...

Power Subsidy Rises 151% to N211bn in Q1, 2024 The Nigerian Electricity Regulatory Commission has disclosed that the electricity subsidy obligation of the Federal Government rose from N252.76bn to N633.30bn in the first quarter of 2024. The NERC report said the electricity subsidy skyrocketed to N211.10bn...