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 …

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 …

Nineteen Seventeen Northern Consensus Movement (NSNCM) has backed the recent stand of the Northern Governors Forum, and the Arewa Consultative Forum (ACF) over the blackout in the region. In a statement, the President of the movement, Dr, Awwal Abdullahi Aliyu said. “We at NSNCM are in full support with the recent communique issued at the Northern State Governors Forum meeting …

President Bola Tinubu is leading efforts to end the disruption that has paralysed social and economic activities of the northern states as a result of the blackout in the region in the last week. According to a statement on Monday, the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga said President Tinubu has summoned the Minister …

The National Bureau of Statistics (NBS), has revealed that out of the total households in Nigeria connected to the National grid, 85.2 per cent are on estimated billing. Only 14.8 per cent are on prepaid billing. The bureau also revealed that the average monthly expenditure of households on electricity was estimated at ₦4,155.8 in the period under review. The Statistician …

International bilateral electricity customers in Benin Republic and Togo owe Nigeria $5.79 million for the energy consumed in the second quarter of 2024. The Nigerian Electricity Regulatory Commission (NERC) revealed this in their latest second-quarter 2024 report analysed by PUNCH on Sunday. Out of the $15.6 million invoice issued by the market operator between April and June, the international customers …

Customers of Ikeja Electric, one of Nigeria’s leading utility companies, have expressed frustration over poor network connectivity, which has made it impossible for them to recharge their electricity meters for the past two days. In interviews conducted by Vanguard, several residents connected to Ikeja Electric reported persistent network issues, with all attempts to recharge proving unsuccessful, even though electricity supply …

The Lagos State Government said it had received a €120 million support fund from the Dutch government to support its waste-to-energy project in partnership with a Dutch firm, Harvest Waste Consortium. The Commissioner for Environment and Water Resources, Tokunbo Wahab, disclosed this in a post on X.com on Wednesday. Wahab explained that the project would convert part of Lagos’ waste …

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 …