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DISCOS
News and analysis about DISCO
The Federal Government asserts it needs approximately N3.2 trillion to subsidize electricity in 2024 should the current tariff hike be reversed.
The Organised Private Sector in Nigeria comprising the Manufacturers Association of Nigeria (MAN), Nigerian NACCIMA, NECA, NASSI and NASME has stated that over 65% of businesses in Nigeria may shutdown due to the over 200% hike in electricity tariff by the federal government.
The Transmission Company of Nigeria (TCN) has confirmed the full restoration of the national grid that collapsed earlier today following a fire incident at the Afam Power Generating Station, in River State.
The Transmission Company of Nigeria (TCN) has refuted claims that it is responsible for the Ibadan Electricity Distribution Company’s (IBEDC) inability to provide the estimated hours of supply to customer feeders.
The Minister of Power, Adebayo Adelabu, has said that the federal government will sanction power distribution companies (DisCos) that fail to supply 20 hours of electricity to customers in the Band A category.
Electricity Tariff: NERC orders all DisCos to set up portal for customers to check their Band status
The Nigerian Electricity Regulatory Commission (NERC) has directed all eleven DisCos in the country to create an online portal for their customers to access their Band category status.
The Nigerian Electricity Regulatory Commission (NERC) has stated that the newly approved electricity tariff is anticipated to cut down the subsidy for the fiscal year 2024 by approximately N1.14 trillion.
The federal government, through the Nigerian Electricity Regulatory Commission (NERC), has approved a hike in the electricity rates for consumers categorized under Band A.
The federal government is planning an almost 300% increase in electricity tariffs in the coming weeks in a bid to attract investment into the sector according to reports from Bloomberg.
The Minister of Power, Adebayo Adelabu, has confirmed the Federal Government’s strategy to escalate the electricity generation capacity from 3,500 megawatts to 6,500 megawatts within the next three to six months.
The eleven power distribution companies (DisCos) secured the total amount of N53.3 billion in credit facility from the Central Bank of Nigeria’s National Mass Metering Programme (NMMP).
Nigeria's power sector has gulped an estimated N2.3 trillion in intervention fund since it was first initiated in 2015.