President Bola Tinubu has requested the Senate to confirm two nominees for appointment as commissioners of the Nigerian Electricity Regulatory Commission (NERC). The request was conveyed in a letter addressed to the upper chamber and read by Senate President Godswill Akpabio during plenary on Tuesday. Tinubu stated that the nominations were made in accordance with …
Power generation companies (GenCos) in Nigeria have lost an estimated ₦987.92 billion in five years due to the persistent electricity crisis arising from frequent collapse of the national grid and poor distribution infrastructure. A recent report released by the Association of Power Generation Companies (APGC) explained that the figure represents the value of electricity that …
As Nigerian electricity Distribution Companies (DisCos) prepare to renew their operational licences in 2028, the federal government has announced plans to introduce a minimum capital adequacy requirement. Minister of Power, Adebayo Adelabu, who made this known at the Nigeria Energy Forum in Lagos, said the aim is to strengthen the financial health of DisCos and boost …
Nigeria's electricity crisis remains one of the most significant constraints on its economic development. Despite being Africa's largest economy, Nigeria struggles with chronic power shortages, with operational output hovering around 5,000 megawatts (MW) for a population of over 200 million people. The centralised model of electricity generation, transmission, and distribution has, according to experts, proven …
By Victor Ezeja Prepaid meter deployment in Nigeria has been hampered by high costs, systemic corruption, and inefficiencies, leaving millions of consumers at the mercy of an arbitrary and exploitative estimated billing system. Since the privatisation of the power sector more than a decade ago, the Federal Government has continued to adopt measures to close …
