Nigeria’s electricity tariff freeze has left the Federal Government with a ₦1.56 trillion subsidy bill within a year, exposing public finances to the rising cost of supplying electricity while consumers continue to pay rates fixed in July 2024. A review of quarterly reports published by the Nigerian Electricity Regulatory Commission (NERC) shows that the government …
President of Dangote Group, Aliko Dangote, has announced plans to invest over $10 billion in Africa's power sector over the next three or four years to address the continent's electricity crisis and drive industrialisation. Dangote stated this in an interview with Al Jazeera, where he highlighted the impact of poor access to electricity on industrial …
The Nigeria Sovereign Investment Authority (NSIA) has launched a $300 million Nigeria Distributed Renewable Energy (DRE) Fund to accelerate off-grid electricity investment and expand power access to underserved communities across Nigeria. The fund was launched in partnership with Africa50, the International Solar Alliance (ISA) and Sustainable Energy for All (SEforALL). The DRE Fund was commercially …
The Federal Government is set to launch a major overhaul of Nigeria’s electricity infrastructure, with a Transmission Super Grid and fresh Chinese investment partnerships at the centre of the next phase of its power-sector reforms. Minister of Power, Joseph Tegbe, disclosed this on Monday in Abuja while marking his first 100 days in office. In …
The Nigerian Electricity Regulatory Commission (NERC) has raised the proportion of revenues that electricity Distribution Companies (DisCos) must channel into infrastructure upgrades. The move aims to accelerate network rehabilitation and improve electricity supply across the country. The directive is contained in a revised Order on the utilisation of earned Non-Administrative Operating Expenditure (Non-Admin OpEx), issued …
Nigeria's power sector recorded a total revenue shortfall of ₦3.39 trillion in 2025, with tariff subsidies and commercial losses recorded by distribution companies (DisCos) accounting for a substantial share of the sector’s shortfalls. This massive deficit was dominated by Federal Government tariff subsidies and downstream retail losses (billing and collection inefficiencies), which collectively accounted for …
Electricity Distribution Companies (DisCos) across Nigeria have continued to grapple with load shedding across their franchise areas following a sharp drop in available power generation on the national grid. Power generation plummeted to low levels around 800 megawatts (MW) before slightly recovering. Real-time data from the Nigerian Independent System Operator (NISO) grid performance dashboard showed …
Geregu Power Plc has confirmed it has commenced discussions with relevant stakeholders and advisers to resolve concerns surrounding its N40.09 billion bond repayment obligations, following a default on its latest coupon and principal payments. The company defaulted on the eighth coupon payment and fourth bullet principal repayment of its N40.09 billion Series 1 Senior Unsecured …
As the Federal Government moves to phase out electricity subsidies by 2027 and adopt fully cost-reflective tariffs, there are concerns about the potential impact on Nigerian consumers who are already grappling with rising cost of living. Recently, the Minister of Power, Joseph Tegbe, spoke at a media briefing in Lagos, where he announced that the …
Despite recording an increase in metering rate, over 5 million electricity customers remain unmetered across Nigeria. According to the latest metering status report released by the Nigerian Electricity Regulatory Commission (NERC), the total number of metered customers across all electricity distribution companies (DisCos) reached 7,435,733, accounting for 59.5% of 12,457,068 active customers as of April …
