The Federal Government said it required $10 billion Public-Private-Partnership (PPP) investment in the power sector, in the next five to 10 years, to achieve 24 hours power supply. Receiving the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Ewalefoh, on a courtesy visit, the Minister of Power, Chief Adebayo Adelabu said that government alone, could not afford the …

Three – maybe three and a half – stories go to the heart of why Nigeria appears stuck in a rut. And for some strange reason, all of them are rooted mainly in energy and power. The first is about a project, the Mambilla Hydroelectric Project. If you live in Nigeria – except you’re the Minister of Power, Adebayo Adelabu …

The Minister of Power, Adebayo Adelabu, and the Minister of States for Petroleum Resources (Gas), Ekperikpe Ekpo, will lead other speakers to discuss the challenges facing electricity in Nigeria at the 2024 Nigeria Energy Leadership Summit. The summit, scheduled to be held between15 and 17 October in Lagos, will also feature the Managing Director/Chief Executive Officer of the Rural Electrification …

Nigeria’s power generation rose to a three-year high of 5,313 megawatts on Monday, the Federal Ministry of Power has declared. It declared this in a statement by the media aide to the power minister, Bolaji Tunji, adding that electricity distributors should ensure the distribution of the generated energy. “The national grid on Monday hit a record high of 5,313MW, a …

The Minister of Power, Chief Adebayo Adelabu has commended Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter, for its investment in Nigeria’s energy sector, as well as its contribution to the growth of the domestic gas market to support national development. During his recent visit to the Uquo Central processing facility in Akwa …

The Minister of Power, Chief Adebayo Adelabu, has declared that there has been improvement in the power sector following the reforms introduced by the President Bola Ahmed Tinubu administration. A statement by the ministry on Wednesday said Adelabu stated this during the first meeting of the Inter-Ministerial Power Sector Working Group set up by the President. He said the working …

To be sure, Nigeria’s power supply crisis is a multi-decade, multi-faceted challenge, defying even some of the country’s most respected public figures who were picked in the past to oversee the sector. A deputy minister who once headed the ministry said in 2012 that Nigerians must resolve to exorcise the ‘evil spirit’ preventing the country from making headway in its …

Power Minister Adebayo Adelabu yesterday described the current electricity tariff regime as a temporary hardship which over time will crash in the manner of telecoms tariffs in the country. Adelabu, who has come under attack from consumers over the recent hike in electricity tariff and the poor electricity supply across Nigeria, was optimistic that the hardship would “lead to permanent …

The All Progressives Congress (APC) Professionals Forum is marking the first anniversary of the Tinubu administration with a Policy Roundtable on the economy. The first edition of the Asiwaju Scorecard Series will hold on Tuesday, 21 May at Shehu Musa Yar’Adua Centre, Abuja, starting by 9 am. Each of the programme’s two sessions will have as speaker the Minister of …

The Federal Government vowed on Monday to sell off the five electricity Distribution Companies (DisCos) in the next three months to reputable technical power operators. The DisCos are under the management of banks and Asset Management Company (AMCON). Abuja Electricity Distribution Company (AEDC) is currently under the management of the United Bank of Africa (UBA), Fidelity Bank manages Benin Electricity …