The Presidency has begun internal approval processes to resolve the N2 trillion legacy debt owed to electricity generation companies before the end of the coming quarter, as part of efforts to stabilise Nigeria’s power sector. A representative of the Special Adviser to the President on Energy, Eriye Onagoruwa, disclosed this on Monday at the second Nigerian Electricity Supply Industry (NESI) …

Governors yesterday resolved to scrutinise a proposal intended to encourage more private sector participation in the electricity sector. The resolution was taken at a meeting by the governors’ umbrella body – Nigeria Governors’ Forum (NGF) in Abuja. It was contained in a communiqué by NGF Chairman/Kwara State Governor AbdulRazaq AbdulkRahman and read by Imo State Governor Hope Uzodimma. The communiqué …

The Rural Electrification Agency of Nigeria (REA) says it is targeting to bring electricity to 1.5million Nigerians living in rural areas through solar mini-grids. The agency also said it has successfully developed a scalable and sustainable energy infrastructure that will benefit 125,000 individuals across Nigeria. The REA Managing Director, Abubakar Abba Aliyu, said these during the commissioning of a 990-kilowatt …

The President of the Dangote Group, Alhaji Aliko Dangote, has hinged Nigeria’s industrialisation challenges on unstable electricity. Dangote said running a business abroad is 30 per cent cheaper than running the same business in Nigeria and other African countries due to stable electricity supply in developed countries. Africa’s richest man stated this recently while hosting the Zambian Minister of Energy, …

The woman looked askance as she was told the latest prices of the food items she had come to the market to buy. ‘Everything too cost’, she moaned. Another woman haggling with the next seller interjected: ‘Nor be say dem too cost; na every day dem price too dey go up’. ‘Every day, ke? Na every minute’, the seller herself …

President Ahmed Tinubu left Abuja for Dar es Salaam, Tanzania on 26th January to attend the Mission 300 Africa Energy Summit. His mission to Tanzania was straightforward – to further galvanise efforts, multilateral support and investments aimed at increasing electricity access to Nigerians. The Misson 300 initiative itself is aimed at expanding electricity access to 300 million people throughout Sub-Saharan …

The Federal Government (FG) has secured a $1.1 billion loan from African Development Bank (AfDB), to provide electricity for 5 million people by the end of 2026. Special Adviser to the President, (Information & Strategy), Bayo Onanuga, who disclosed this in a statement, said President Bola Tinubu made this known at the just concluded two-day Mission 300 Africa Energy Summit …

Power projects worth over N2 trillion are yet to be completed, or awarded but yet to start in different parts of the country, according to an investigation by Daily Trust. Over the years, the Nigeria’s power sector appeared to defy solutions aimed at providing sufficient and sustainable electricity supply to the country’s over 230 million populace. Experts believe that no …

The Abuja Electricity Distribution Company (AEDC) said on Friday that many parts of the Nigerian capital will be without electricity for 16 days. The AEDC, the sole grid electricity provider to the Nigerian capital, said there would be power interruption between 6 and 21 January in some parts of Abuja. It made this known in a statement posted via its …

The Minister of Power, Adebayo Adelabu, has stated that the increasing incidents of vandalism targeting critical power transmission equipment hindered the achievement of the ambitious goal to generate 6,000 megawatts of electricity by December 2024. He explained that the government had implemented measures to reach the milestone and was on track until multiple incidents of vandalism to electricity towers disrupted …