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 …
Minister Tegbe expresses optimism that Nigeria will achieve 24-hour electricity supply to boost industrialisation The Nigerian government has set a target of 8,000 megawatts (MW) of electricity generation and transmission by the end of 2027 as part of its efforts to address persistent power supply challenges and support industrial growth. Speaking on Wednesday, August …
The Nigerian Electricity Regulatory Commission (NERC), has organised a sensitisation workshop for the South East on addressing the persisting challenge of vandalism crippling the nation's power sector. The workshop, which was held in Umuahia, Abia State, on Tuesday, was done in collaboration with the German development agency (GIZ) through the Nigerian Energy Support Programme (NESP). …
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 …
As electricity demand rises in Nigeria, the presidency has stated that the country needs to increase annual investment in the power sector to $12 billion through 2045 to achieve reliable electricity. This, it said, means the country is recording an annual power investment deficit of about $11 billion, as only $1 billion is currently being …
The Federal Government and the National Assembly have reaffirmed their commitment to supporting complementary roles for electricity regulators as Nigeria transitions to a multi-tier electricity market. At a workshop in Abuja on "Legal, Policy and Regulatory Harmonisation between Federal and State Institutions on the Decentralisation of the Nigerian Electricity Supply Industry (NESI)," top officials stressed …
The Nigerian Electricity Regulatory Commission (NERC) has announced the commencement of the Net Billing Regulations 2026, a new framework that will allow eligible electricity customers to generate their own renewable energy and sell surplus power back to the national grid. In a public notice issued on Wednesday, June 3, 2026, NERC said the regulations are …
The Nigerian Electricity Regulatory Commission (NERC) has issued a directive for the offer of special compensation to Band A Customers following widespread power outages that occurred in recent months. In a statement released on Wednesday, the Commission said the decision contained in Directive No. NERC/2026/002, was informed by the significant power generation shortages experienced across …
Nigeria’s electricity metering rate rose to 58.57 per cent in February 2026, up from 57.93 per cent recorded in January, according to the Nigerian Electricity Regulatory Commission (NERC). The improvement was attributed partly to the implementation of the World Bank-supported $500 million Distribution Sector Recovery Programme (DISREP), aimed at strengthening the country’s power distribution network …
