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Nigeria’s N1.93trn subsidy burden underwrites ‘Cheap’ electricity __NERC
Nigerian electricity consumers paid among the lowest tariffs in Africa in 2025, but the apparent affordability came at a huge fiscal cost to the Federal Government, which incurred a N1.928 trillion subsidy obligation to bridge the gap between what customers…
Egbin Power reinforces SDG 4 commitment as 11th edition of Scholarship scheme
Egbin Power has commenced the 11th edition of its annual scholarship programme, reaffirming its commitment to advancing quality education and creating meaningful opportunities for young people in its host communities. The scholarship programme reflects Egbin Power’s commitment to Sustainable Development…
‘Nigeria can no longer depend solely on DisCos,’ as FG plans nationwide utility-scale renewable energy
Federal Government has disclosed plans to create Renewable Energy Service Companies (RESCos) across the country to drive access to electricity for more households. Government said the RESCos are expected to compete directly with existing electricity distribution companies (DisCos) over the…
NLNG celebrates Prof Bart Nnaji at 70, honours his contribution to innovation
NLNG has paid tribute to Professor Bart Nnaji at 70, highlighting his more than two decades of contribution to the governance, credibility and international reach of The Nigeria Prize for Science and Innovation. The former Minister of Power and Chairman…
Sterling Bank, StarTimes launch N2bn ‘Solar Financing Hubs’ nationwide to drive renewable energy transition
(From left): Darlington Nwankwo, the Divisional Head, Renewable Energy and Mobility, Sterling Bank; Eric Xiao, Vice President, StarTimes Nigeria, and Kelly Aigbedion, the Head, Renewable Energy, Sterling Bank at the launch of the Sterling Solar Financing Hub in Lagos, recently
DisCos accuse NERC of ‘power grab’ as new CapEx provision accounts framework takes off
Electricity Distribution Companies (DisCos) have rejected the fresh order by the Nigerian Electricity Regulatory Commission (NERC) requiring them to establish dedicated Capital Expenditure (CapEx) Provision Accounts into which a substantial portion of their residual revenues must be paid after offsetting operating…
FG constitutes committee on operationalisation of Electricity Act 2023 amid market decentralisation
Minister of Power, Joseph Tegbe Federal Government has inaugurated a nine-member inter-agency committee to address emerging policy, regulatory and operational issues arising from the decentralisation of Nigeria’s electricity market. According to the government, the move is geared towards ensuring a…
World Bank, IFC target 32m households in Nigeria for electricity access
World Bank has disclosed that it is targeting an estimated 32 million Nigerian households to benefit from the planned Nigeria Actions for Investment and Jobs Creation (NAIJA) Development Policy Financing (DPF). The NAIJA Development Policy Financing (DPF) is to executed…
Legal disputes, procurement, distribution delays slowing Nigeria’s electricity sector reforms – World Bank
World Bank has identified persistent legal disputes, procurement and distribution bottlenecks, as well as slow contract execution as slowing the pace of reforms aimed at improving electricity distribution across the country. According to the World Bank, these impediments are delaying…
NERC boss blames Nigeria’s electricity challenges on systemic dysfunction
Nigerian Electricity Regulatory Commission (NERC) has said that the country’s electricity challenges go beyond generation, transmission and distribution to a structural dysfunction in the system. According to the NERC, the country’s electricity challenges rather stem from the inability of the…
