The Senate has begun a probe into the activities of Generation Companies, GenCos, the Transmission Company of Nigeria (TCN), and Distribution Companies (DisCos), for failing to deliver reliable electricity, describing the power sector as a total failure. It also strongly criticised the power sector operators, saying they have added no significant value to the sector, and threatened to come up …

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday, signed the Lagos State Electricity Bill 2024 into law, setting the stage for a power supply system aimed at providing reliable electricity to residents. The Lagos State Electricity Law 2024 is Sanwo-Olu’s comprehensive plan to address longstanding challenges in the energy sector. The law will lay a robust foundation for economic growth, …

The Governor of Lagos, Babajide Sanwo-Olu, has signed the Lagos Electricity Bill 2024 into law. The law is a comprehensive plan aimed at addressing challenges in the energy sector and is expected to lay the foundation for economic and industrial growth in Lagos. The governor signed the bill on Tuesday at the Lagos House, Ikeja. “The bill is a major …

The managing director of Transmission Company of Nigeria (TCN), Sule Abdulaziz, says the federal government has spent about N8.8 billion to repair vandalised This is contained in a statement in Abuja on Wednesday by the special adviser on strategic communication and media relations to the minister of power, Bolaji Tunji. Tunji said that Mr Abdulaziz said this on Tuesday at …

Following consistent blackouts in northern Nigeria, the electricity distribution companies in the region recorded approximately N74 billion in losses between July and September, according to data from the Nigeria Electricity Regulatory Commission (NERC). In the first week of November, the country witnessed its 10th national grid collapse in 2024, plunging the entire nation into yet another blackout. Confirming this, the …

Residents of Akoka in Lagos State say they only get two hours of electricity despite being migrated to Band A. The residents took to the streets on Tuesday to protest the development, calling on the Ikeja Electricity Distribution Company (IKEDC) to come to their rescue. With placards in their hands, the protesters said, “Akoka is totally neglected. Our business is …

The House of Representatives has mandated electricity distribution companies (DisCos), to undertake a N500 billion recapitalisation to enhance their financial stability and ensure they can efficiently meet their obligations to the public. The resolution followed the adoption of a motion, titled “Need to Address the Activities of Distribution Companies in Nigeria”, sponsored by the member representing the Ifo/Ewekoro Federal Constituency …

The Benue State Government says it is working on enacting an electricity law to regulate the state energy sector. The Commissioner for Transport, Renewable Energy, and Power, Mr Omale Omale, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Makurdi. Omale said that a draft of the bill was at the Ministry of Justice for …

Accugas Limited, a subsidiary of Savannah Energy, has described as “misinformation” the reports concerning its alleged involvement in the current power outage in Akwa Ibom State. In a statement at the weekend, Accugas Limited explained: “The power cut in Akwa Ibom State is entirely due to the reported fault in the 132-KV Aba-Itu transmission line, which, unfortunately, is preventing power …

The University of Ibadan College Hospital has been disconnected from the national grid over an outstanding N400 million debt. The Ibadan Electricity Distribution Company (IBEDC) said the disconnection became unavoidable following the failure of UCH to pay the debt. Speaking with The PUNCH, the spokesperson of IBEDC, Busolami Tunwase, said the university did not fulfil its promise to clear the …