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ADEBAYO ADELABU
The Nigerian Electricity Regulatory Commission's (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer model contract with energy generation companies (GenCos) has sparked significant controversies in the power sector.
Japan, through its international development agency, the Japanese International Cooperation Agency (JICA), has committed $500 million to enhance power supply in Nigeria’s Ogun and Lagos regions.
The Federal Government has set aside N120 billion as the first tranche of the Presidential Metering Initiative (PMI).
The federal government has repeatedly stated its ambition to increase power generation in the national grid from approximately 4,500MW to an unprecedented 6,000MW by the end of 2024.
The Minister of Power, Aebayo Adelabu has stated the federal government is targeting 100% import substitution as a measure to drive local manufacturing in the power sector.
The federal government announced on Friday its plan to procure 3.5 million electricity meters by the end of the year to improve revenue for its cash-strapped power sector, where more than half of the customers are billed by estimates.
The Minister of Power, Adebayo Adelabu, said the federal government has released a total of N20 billion to the power distribution companies (DisCos) for the procurement of meters for unmetered Band A customers in the next three months.
The Minister of Power, Adebayo Adelabu, has revealed how his ministry recovered the sum of N12.7 billion from a local supplier 21 years after payment by the federal government.
The Minister of Power, Adebayo Adelabu, announced that for the first time in three years, Nigeria’s power sector reached an impressive output of 5000MW this month, as stakeholders continue efforts to increase power production.
The Minister of Power, Adebayo Adelabu, stated that the rise in electricity tariffs for Band A customers is a temporal hardship pending an increase in power sector output.
The Federal Government has announced plans to pay N130 billion to settle part of the N1.3 trillion gas supply debts in the Nigerian Electricity Supply Industry (NESI).
The Federal Government has announced the addition of 625MW of power into the national grid, elevating its wheeling capacity to 4800MW through the inauguration of two Siemens mobile substations in Lagos and Kebbi states.