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 …

The Minister of Power, Chief Adebayo Adelabu has affirmed Federal Government’s commitment to gradually offset the debt owed Nigeria’s largest power generation company, Egbin Power, starting in April, while noting that constraints of gas supply and foreign exchange are also being tackled. This was made known  as part of his strategic measures to strengthen understanding among stakeholders, offer robust support …

The Minister of Power, Mr. Adebayo Adelabu has called for an urgent meeting with key stakeholders in the power sector. The minister’s call is in response to the decline in electricity supply throughout Nigeria. Summoning the chief executives of Abuja Electricity Distribution Company and Ibadan Electricity Distribution Company, alongside the Managing Director of the Transmission Company of Nigeria (TCN), the …

The Minister of Power, Adebayo Adelabu, has assured Nigerians that the problems bedevilling the nation’s power sector will soon be a thing of the past. He also disclosed that the Federal Government had invested huge funds in the energy sector, but said it was a pity that most Nigerians were still battling with power challenges. Adelabu spoke during his tour …

About 17 years after he left office, the Federal Government has commended the investment of former President Olusegun Obasanjo in the power sector. Obasanjo had been criticised by many who said there was nothing to show for his reported $16 billion investment in the power sector. In 2008, the House of Representatives described the $16 billion reportedly spent on power …

Minister of Power, Adebayo Adelabu, has said that Nigeria cannot continue to subsidise electricity, adding that the country needs to start implementing a cost-effective tariff model. This, he said, is because the country owes Generating Companies (GenCos) N1.3 trillion and gas companies $1.3billion. Adelabu stated this in a briefing in Abuja on Wednesday. The Minister said that only N450 billion was allocated …

Notable Nigerians, including Vice President Kashim Shettima and Minister of Power, Adebayo Adelabu, have called for an attitudinal change among Nigerians, saying it remains the key to driving economic growth, social cohesion, and environmental protection in the country. They noted that the problems facing Nigeria are not new but require bold and decisive action to address, adding that attitudinal change …