Electricity generation companies (Gencos) in Nigeria are calling on President Bola Ahmed Tinubu to urgently fix a date for the long-awaited meeting over the rising debt crisis in the power …
Adebayo Adelabu
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BusinessBusiness InsightsBusiness PoliciesEconomyEnergyGOVERNMENTInfrastructureNigeriaPoliciesWestern Africa
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EconomyELECTRICITYEnergyGOVERNMENTNigeriaPolicies
Tinubu to Meet Power Firms as FG Moves to Tackle N4tn Electricity Sector Debt Crisis
President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies (GenCos) in a high-level intervention aimed at addressing the N4tn debt threatening the country’s already fragile …
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EconomyEnergyGOVERNMENTInfrastructurePolicies
Nigeria cuts electricity subsidies by 35% after tariff hike
The Federal Government says it has successfully reduced electricity subsidies by 35% following a new electricity tariff hike that was introduced last year for high-power consumers. Nigeria’s Minister of Power, …
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EconomyELECTRICITYEnergyGOVERNMENTNigeriaPolicies
Power Minister Says FG Will Pay N2tn Out of N4tn Debt to Gencos Before 2025 Ends
The Minister of Power, Adebayo Adelabu, has said the Federal Government plans to pay N2 trillion out of the N4 trillion it is owing to electricity generation companies (Gencos) before …
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EconomyEnergyGOVERNMENTInfrastructure
FG Says Power Grid Now More Stable as 700MW Transmission Boost Takes Effect
The Federal Government has said the country’s electricity grid is now more stable, thanks to the addition of 700 megawatts in transmission capacity. The Minister of Power, Mr. Adebayo Adelabu, …
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EconomyEnergyGOVERNMENTOil & GasPolicies
FG Slashes Gas Price for Power Companies as ₦4.7tn Debt Threatens Electricity Supply
The Federal Government has reduced the price of natural gas supplied to power generation companies in a move to ease the financial burden affecting the electricity sector. This new pricing …
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EconomyEnergyGOVERNMENTInfrastructure
FG Begins Meter Rollout, Targets Over 3.2 Million Installations by 2026
The Federal Government has announced the arrival of the first batch of prepaid electricity meters under its renewed push to close the metering gap across the country, with over 275,000 …