Solar energy The Aso Rock Presidential Villa in Abuja is henceforth going to be power by solar infrastructure as it is set to disconnect from the national power grid by March 2026 as the federal government finalises its solar mini-grid initiative at the seat of power. This came to light Wednesday as the Permanent Secretary…
The federal government is projecting nearly $1bn (about N1.49tn) in annual revenue from electricity exports to 15 West African Countries under the Economic Community of West African States sub-region from June 2026. The earnings are based on what a full 600 megawatts export capacity is capable of generating at the prevailing regional tariff, as Nigeria…
The federal government has concluded implementation frameworks for a N4 trillion government-backed bond aimed at settling verified arrears owed to power Generation Companies (GenCos) and gas suppliers. This was revealed by the Special Adviser to the President on Energy, Mrs. Olu Verheijen, in a statement shared on X (formerly Twitter) on Tuesday in Abuja. According…
The Nigerian Electricity Regulatory Commission (NERC) has granted regulatory autonomy to 11 states, empowering them to oversee electricity markets within their jurisdictions in accordance with the Electricity Act (EA) 2023. The affected states, Kogi, Niger, Ekiti, Plateau, Oyo, Ogun, Enugu, Lagos, Imo, Ondo, and Edo, are now authorised to establish and operate independent electricity markets,…
The federal government plans has given the promise to pay offset N2 trillion out of the over N4 trillion debt owed power generation companies (GenCos) before the end of the next quarter. According to the Special Adviser to the President on Energy, Olu Verheijen, speaking through her representative Eriye Onagoruwa at a Nigerian Electricity Supply…
Nigerian billionaires have practically taken over the nation’s power sector from the investors that bought the assets of the defunct Power Holding Company of Nigeria (PHCN) in the 2013 power sector privatization exercise conducted by the administration of former President Goodluck Jonathan. Checks revealed that while the moneybags are on the verge of completing a…
The federal government on Tuesday inaugurated the board of the Nigerian Independent System Operator (NISO), describing it as a significant step in its effort to restructure and strengthen Nigeria’s electricity sector in line with the Electricity Act, 2023. NISO, established through the unbundling of the Transmission Company of Nigeria (TCN), as prescribed by the Electricity…
CEO, Egbon Power, Mr. Bounour In line with its commitment to excellence, Egbin Power has revitalised its Learning Academy to enhance human capital development, equipping its workforce with top-tier skills and knowledge that drive innovation, efficiency, and improved service delivery in the sector. According to the Genco, the Learning Academy is a strategic capacity development…
Minister of Power, Adelabu The federal government has announced plans to regularise electricity tariffs in a bid to address disparities in the current billing system as well as encourage investment in the power sector. The Minister of Power, Adebayo Adelabu, made this known at the ongoing public presentation of the National Integrated Electricity Policy and…
As controversies trailed the purported electricity tariff hike by the federal government, the Nigerian Electricity Regulatory Commission (NERC) has issued regulations on the procedure for tariff reviews. The latest order, signed by NERC Chairman, Sanusi Garba, stated that pursuant to the provisions of the Electricity Act 2023, the commission is obligated to review and approve…
