electricity
FG seeks $15 billion investment to revamp power sector
Nigeria Launches $15 Billion Initiative to Transform Power Sector Amidst Crisis
The Nigerian government has unveiled a plan aiming to attract $15 billion in private investments to address a staggering $23 billion funding shortfall in its struggling power sector, … Continue Reading
Lagos Shakes Up Energy Sector: NERC Hands Over Electricity Regulation to LASERC
Lagos State assumes control over its electricity market with the establishment of LASERC, marking a significant shift in the country’s energy regulatory landscape.
The Federal Government of Nigeria has officially transferred regulatory oversight of Lagos State’s electricity market to the … Continue Reading
Urgent $10bn Funding Needed for 24-Hour Electricity, Power Minister Reveals
Nigeria’s Government To Partner with Private Sector to Secure $10bn for Electricity Supply Improvement
Abuja, Nigeria – The Nigerian Federal Government has announced its strategy to partner with the private sector in order to secure a portion of the $10 … Continue Reading
DisCos Raise Electricity Meter Costs by 28.03%, Second Price Hike in Four Months
Electricity Meter Prices Surge Again in Nigeria Amid Ongoing Deregulation
Electricity Distribution Companies (DisCos) across Nigeria have announced an increase in prices for various models of electricity meters, marking the second price rise in a span of … Continue Reading
FG Plans Transfer of National Grid Management to Independent Operators
Ongoing Management Transfer of National Grid to Independent System Operator Amidst Frequent Outages
The Nigerian Electricity Regulatory Commission (NERC) has announced that discussions are actively taking place to transfer the management of the national grid to an Independent System Operator. … Continue Reading
BREAKING: Nigeria Suffers Third National Grid Collapse in One Week, Leading to Nationwide Blackout
Nigeria’s Frequent Blackouts and Power Failures Highlight Urgent Need for Infrastructure Upgrades and Decentralization
Nigeria faced another nationwide blackout on Saturday following the collapse of the national electricity grid. Data from the Nigerian System Operator’s portal revealed that the grid … Continue Reading
Davido’s Father, Dr. Adeleke, Opens Up About Building $2bn Power Plant Despite Government Challenges
Billionaire Businessman Dr. Adedeji Adeleke Overcomes Government Resistance to Launch Nigeria’s Largest Power Plant
Dr. Adedeji Adeleke, the father of Nigerian superstar Davido, has shared his journey of resilience in building a $2 billion power plant, despite facing significant … Continue Reading
President Tinubu’s Energy Agenda Is Powering Nigeria’s Future: NDPHC To Improve Electricity Access
In a recent nationwide tour of its power plants, the Managing Director and Chief Executive Officer (MD/CEO) of Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, emphasized that access to electricity is one of the cardinal agendas of President
… Continue Reading
Senate Approves President Tinubu’s $500 Million Loan Request for Electricity Metering
The Senate has approved President Bola Tinubu’s request for a $500 million loan to enhance the financial and technical performance of electricity distribution companies through the metering of citizens. This approval, targeting the Bureau of Public Enterprises (BPE), forms … Continue Reading
Federal Government to Increase Electricity Generation Capacity to 6,500 Megawatts
The Minister of Power, Adebayo Adelabu, has disclosed the Federal Government’s strategy to significantly boost Nigeria’s electricity generation capacity from 3,500 megawatts to 6,500 megawatts within the next three to six months. This initiative aims to address the growing … Continue Reading