World Bank, AfDB Move To Invest $7.5bn In Nigeria’s Power Sector   The Minister of Power, Adebayo Adelabu, has said that the World Bank and the African Development Bank have concluded plans to invest $30bn in boosting electricity in Africa. Of this sum, Adelabu said Nigeria will...

Tinubu: After One Year, Where is the Light  By Lawal Dahiru Mamman The power sector has long been a critical concern in Nigeria. Prior to the 2023 general elections, President Bola Ahmed Tinubu promised, in his manifesto, to revamp this important sector of the economy. "Nigeria's growth...

EU To Invest €37m In Nigeria’s Power Sector   The European Union (EU) is set to invest €37 million in the power sector in Nigeria, in addition to the about €200 million grants it has invested in the sector since 2008. This disclosure was made by the...

Nigerian Power Firms Need $2.5bn New Capital - FG Nigerian electricity companies are short of an estimated N2tn ($2.5bn) in capital and need new investors to revive the industry that can barely supply power to its 200 million residents. Power companies in Nigeria are over-leveraged and...

10 Benefits Of 2023 Electricity Act Bill Signed By President Tinubu   Below are 10 benefits of the assented 2023 Electricity Act 1. The passage means that anyone may construct, own, or operate an undertaking for generating electricity not exceeding one megawatt in aggregate at a site,...

Power Sector Reform Vital For Growth - FG The Minister of State for Power, Goddy Jedy-Agba, has rated the Rural and Electrification Agency high for having impactful projects across the six geopolitical zones of the federation. Jedy-Agba, who said this in a chat with journalists on...