Government Targets Longstanding Power Sector Debts PRESIDENT Bola Ahmed Tinubu has approved a ₦3.3 trillion payment plan aimed at clearing legacy debts that have burdened Nigeria’s electricity sector for over a decade. The move forms part of the Presidential Power Sector Financial Reforms Programme, designed to restore financial stability and improve electricity supply nationwide. The […]
Operators Buckle Under Financial Strain NIGERIA’S electricity generation sector is facing renewed strain as several power plants shut down due to debts estimated at ₦6.8 trillion. The situation reflects years of accumulated liabilities owed to generation companies, driven largely by tariff shortfalls and weak remittances within the power market, according to a report by Bloomberg. […]
Renewed Focus on Power Sector Reform DELTA State is embarking on a renewed effort to confront its electricity challenges, with Governor Sheriff Oborevwori unveiling a comprehensive strategy that blends legislative reform with targeted infrastructure investment. Addressing stakeholders during a public event in the state, the governor highlighted progress made in reconnecting communities that had been […]
Widespread Power Outages Grip Nigeria MILLIONS of Nigerians across several states are grappling with worsening electricity shortages as prolonged blackouts compound hardship during a period of intense heat. Investigations by correspondents revealed that residents in states including Kano State, Kaduna State, Sokoto State, Enugu State, Benue State, Oyo State, Akwa Ibom State, Taraba State, Lagos […]
BEDC Flags Impact of Reduced Power Supply THE management of Benin Electricity Distribution Company (BEDC) Plc has raised concerns over the impact of declining electricity generation from Nigeria’s national grid on its operations and revenue. Speaking to journalists on Friday in Benin, the company’s Chief Commercial Officer, Ogunleye Akinleye, said the national grid’s output has […]
Nigeria’s Electricity Crisis: Structural Fault Lines Exposed NIGERIA’S electricity sector is once again under strain, as declining generation, repeated grid collapses and mounting debt combine to worsen supply across the country. Over the past quarter, electricity consumers in Lagos, Abuja and other cities have reported fewer hours of supply, undermining household welfare and business productivity. […]
By NINI NDUONOFIT-AKOH Mounting Debts Push Nigeria’s Power Industry to Edge NIGERIA’S electricity generation companies have raised fresh concerns over the health of the country’s power sector, warning that persistent unpaid obligations and weak market enforcement mechanisms could trigger systemic collapse. The warning came from the Association of Power Generation Companies, which revealed that more […]
By NJORIGE LYNUS & NINI NDUONOFIT-AKOH PRESIDENT Bola Tinubu has emphasized that Nigerians must be prepared to pay higher electricity tariffs if they want reliable and stable power, directing the Budget Office of the Federation to establish a transparent framework for sharing the cost of electricity subsidies. Speaking during a training session for Ministries, Departments, […]
By NINI NDUONOFIT-AKOH A National Emergency Normalised IN Nigeria, electricity failure has ceased to be treated as an emergency. Grid collapses now occur with such frequency that they are announced, endured, and forgotten—until the next blackout strikes. What should provoke outrage has become routine. This normalisation of failure reflects not technical impossibility, but a deep […]
Voices from the Ground Businesses Struggling Under Epileptic Power Supply SMALL business owners across parts of the Federal Capital Territory (FCT) are raising alarm over worsening electricity supply, warning that prolonged outages are pushing many enterprises to the brink of collapse. From welders and cold room operators to fashion designers and petty traders, residents say […]