Inconsistent government policies, high annual turnover and cash flow requirements are currently  threatening the execution of the $155 million Phase 2 of Nigeria’s National Mass Metering Programme, (NMMP). The project is a World Bank-funded 1,250,000 metering scheme targeted at procuring and distributing smart electricity meters to 11 electricity Distribution Companies (DisCos) in the country. The Muhammadu Buhari administration had intentionally …

President Bola Tinubu, on Monday, said Nigeria’s power sector privatisation had failed to meet its objectives, as the national grid was serving only about 15 per cent of the country’s electricity demand despite being privatised 10 years ago. President Tinubu, who spoke during the Nigeria Electricity Supply Industry market participants and stakeholder roundtable that focused on privatisation, also called for …

The Eko Electricity Distribution Company has announced that the power supply has been restored. There was a widespread blackout across the country following the total collapse of Nigeria’s electricity grid early Thursday mornmornig Breezy NewsNG earlier reported that the grid collapsed totally around 12:40 am, leading to the massive loss of supply to power distributors nationwide. Multiple sources in the power …

The Senate has asked the Federal Government to, as a matter of urgency, intervene and halt the proposed increase in electricity tariff by the 11 Distribution Companies (Discos). It also stressed the need to allow ordinary Nigerians to breathe, insisting that anything that would bring untold hardship to the citizens would be rejected in all its ramifications. The upper legislative …

Electricity Distribution Companies (DisCos) have set November 2024 for electricity consumers to upgrade their meters. While mixed reactions have trailed the initiative, the DisCos have however maintained a deafening silence on the matter. Under the meter upgrade plan, called the Standard Transfer Specification (STS), a metering code to be introduced soon, will have to be generated by a consumer. The …

The Oodua People’s Congress (OPC) has raised the alarm over a plan to further increase electricity tariff by the Distribution Companies (DisCos). It described the move as anti-people, oppressive, unjustified and aimed at discrediting President Bola Ahmed Tinubu’s administration. In a statement by its General Secretary, Comrade Bunmi Fasehun, OPC President, Otunba Wasiu Afolabi noted that the move had similarly …

A massive rush by electricity consumers to recharge their accounts ahead of the alleged planned hike in tariffs has sent the various platforms of the Distribution Companies (DisCos) into a gridlock, according to reports from across the country. Although speculations had been put today as the beginning of the planned tariff regime, the DisCos said they were yet to receive …

There is confusion over the purported plan to hike electricity tariffs from 1 July. Yesterday, the DisCos clarified that they had not got the approval of the Nigerian Electricity Regulatory Commission (NERC) to hike tariffs. Also, the Abuja Electricity Distribution Company (AEDC) backtracked on its earlier announcement of a tariff increase, barely 18 hours after it issued a notification. An …

Power distribution companies (Discos) failed to remit a total of N208.8 billion to the Nigeria Electricity Supply Industry in 2022, the Federal Government has said. Figures obtained on Sunday from the latest Fourth Quarter 2022 Report of the Nigerian Electricity Regulatory Commission, a Federal Government agency, as well as those from the First, Second and Third quarters showed that the …

The Nigerian Electricity Regulatory Commission (NERC) has given electricity distribution companies (DisCos) the powers to disconnect customers who fail to pay electricity bills after 12 working days. In its “Customer Protection Regulations 2023” released at the weekend, NERC said that DisCos cannot bill a customer for periods in which the customer is disconnected. It stated that DisCos must give a …