Electricity

Post privatisation: Nigeria’s stranded power rises 263% to 3,742MW

***As generation average 4,050MW By Obas Esiedesa Contrary to expectations, there are indications that Nigeria’s electricity sector has recorded huge set back since the private sector take-over seven years ago. Data obtained by Vanguard Energy last weekend shows that volume of stranded power has risen by about 263 percent to 3,742 megawatt (MW) as at […]
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FG extends suspension of new electricity tariff by 1 week

The Federal Government has extended the suspension of the new electricity tariff by one week. Prof. James Momoh, Chairman, Nigeria Electricity Regulatory Commission (NERC) said this when the ad hoc Technical Committee on Electricity Tariff submitted its interim report at a reconvene bilateral meeting between Federal Government and Organised Labour on Monday in Abuja. The […]

Budget 2021: FG earmarks N152bn for electricity

…East-West Road gets N15bn …Information Ministry to spend N1.3bn on travels, refreshment, others By Emma Ujah, Abuja Bureau Chief & Emmanuel Elebeke The Federal Government is to pay power generation companies through Nigerian Bulk Electricity Trading, NBET, the sum of N152.416 billion in 2021. According to details of the 2021 budget now before National Assembly, […]

Electricity: FG spent N540bn on subsidy in 2019 — NERC

By Prince Okafor The Nigerian Electricity Regulatory Commission (NERC) says the Federal Government spent N540 billion subsidizing electricity in 2019. The commission further stressed on the need to put an end to subsidy in the sector. NERC Vice-Chairman, Sanusi Garba, who spoke during an interview with TVC, stated that the amount spent on electricity subsidy […]

Why electricity tariff may remain high – NDPHC MD

By Sebastine Obasi There are indications that electricity tariff may not be as cheap as many Nigerians want, going by the variables that attend power generation and distribution. Speaking after an inspection of Olorunsogo Power Plant, in Ogun State, while reacting to complaints of increased electricity tariff, the Managing Director of Niger Delta Power Holding […]

ELECTRICITY: DISCOs still charge new tariff despite suspension by NERC

… Power supply by GENCOs in 2019 average 32,799,114MWh — NBS By Ediri Ejoh There are indications that despite the pronouncement of the suspension of the new tariff by the Nigerian Electricity Regulatory Commission, NERC, on Tuesday, the directive has not been implemented as bills paid yesterday to the Nigeria Electricity Distribution Companies, DISCOs, remained […]

ELECTRICITY: DISCOs still charge new tariff despite suspension by NERC

…Power supply by GENCOs in 2019 average 32,799,114MWh — NBS By Ediri Ejoh There are indications that despite the pronouncement of the suspension of the new tariff by the Nigerian Electricity Regulatory Commission, NERC, on Tuesday, the directive has not been implemented as bills paid yesterday to the Nigeria Electricity Distribution Companies, DISCOs, remained at […]

Electricity: FG to make renewable energy investments attractive, profitable — ECN

…Eyes power generation from small rivers, solar cells from sand By Michael Eboh The Energy Commission of Nigeria, ECN, Tuesday, disclosed that the Federal Government has adopted strategies aimed at making investments in the renewable energy sector, especially for electricity generation, attractive and profitable for investors and the private sector. This was even as the […]

Electricity: Ojota community protests ‘crazy’ bills, disconnections

The Association of Ojota Community Development Areas (CDAs) on Sunday staged a peaceful protest against estimated bills and disconnections by the Ikeja Electricity Distribution Company (IKEDC). The News Agency of Nigeria (NAN) reports that the protesters, including members of Ojota-West CDAs, Otatunji/Abebi CDAs and Abule-Soko CDAs, were led by the joint CDAs Chairman, Mr Adenekan […]

Lagos moves towards affordable electricity

By Juliet Umeh As Nigeria literally gropes in the dark due to poor electricity supply, the Lagos State government may have taken a step to affordable electricity. This begins with its partnership with  Eko Innovation centre on smart meter initiative. The state, through its ministry of Energy and mineral resources, recently collaborated Eko Innovation Centre […]

Deduct at source, pay MDAs electricity bills directly to DISCOs – KPMG to FG

    By Ediri Ejoh Energy The Federal Government has been advised to consider a direct deduction of the electricity bills of Ministries, Departments and Agencies (MDAs) and paying them directly to the electricity Distribution Companies, DISCOs, to drive development in the country’s power sector. Vanguard gathered that the DISCOs are being owed N98 billion […]

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