The Nigerian Senate Committee on Power has cried out over the growing financial crisis facing the country’s power sector, revealing that the Federal Government currently owes electricity generating companies (GenCos) …
A civil society organisation, the African Initiative Against Abuse of Public Trust, has taken the Asset Management Corporation of Nigeria (AMCON), the Bureau of Public Enterprises (BPE), and the Nigerian …
The Federal Government has begun a pilot programme to restructure underperforming electricity distribution companies (Discos) in a bid to overhaul Nigeria’s struggling power distribution sector. This marks the most decisive …
The National Pension Commission (PenCom) is stepping up efforts to recover unpaid pension contributions from electricity generation and distribution companies across Nigeria. Omolola Oloworaran, the Director-General of PenCom, led a …
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 …
The Federal Government of Nigeria has provided N471.69 billion in subsidies to support the nation’s electricity sector during the fourth quarter of 2024. This subsidy accounts for approximately 57% of …