The Federal Government of Nigeria is in advanced negotiations to secure a $5.7 billion strategic investment package from China’s GCL Group. The Ministry of Finance announced on Monday, February 23, 2026, that the deal aims to revitalize critical sectors, including power, mining, and industrial manufacturing, as part of a broader effort to boost domestic production […]
The Association of Power Generation Companies (APGC) has formally condemned allegations of “institutionalized extortion” and the existence of a “phantom subsidy” recently leveled against the sector by the President of the Nigeria Labour Congress (NLC), Joe Ajaero. In a comprehensive rebuttal issued on February 18, 2026, the APGC characterized the NLC’s claims as a strategic […]
The Nigerian Electricity Regulatory Commission (NERC) has entered into a strategic collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to implement robust anti-vandalism measures aimed at stabilizing Nigeria’s power supply. This partnership, announced on Monday, February 16, 2026, seeks to address the persistent destruction of electricity infrastructure, which remains a primary driver of frequent […]
The House of Representatives has established a high-level, seven-man investigative panel to conduct a comprehensive audit of gas supplies to Power Generation Companies (GenCos) across the federation. This legislative intervention is designed to address the persistent “logistics bottlenecks” in the energy value chain and ensure the security of supply for Nigeria’s national grid. The move […]
Some ministers have stressed the significance of the power sector in achieving economic growth and industrialisation. This is contained in a statement issued by Mr Bolaji Tunji, Special Adviser to the Minister of Power on Strategic Communication and Media Relations, in Abuja on Thursday. The ministers made the comments at the inaugural meeting of the […]
…Tariff hike not reflective of Nigerians economic realities By Ben Azuka A stakeholder in the electricity power sector has said that the Federal Government’s inability to fund the payment of electricity subsidy is hampering the growth of the sector. Recently, the Federal Government through the NERC increased the electricity tariff from N58 to N258 per […]
By Motolani Oseni and Ukpono Ukpong In an ongoing effort to resolve liabilities relating to tariff shortfalls for distribution companies, among other challenges plaguing Nigeria’s power sector, the Federal Government of Nigeria has inaugurated a board for the Nigeria Electricity Liability Management Company (NELMCO), Nigeria’s Vice President, Prof Yemi Osinbajo has revealed. Osinbajo gave the […]
BY BENJAMIN OMOIKE Workers in the power sector have threatened to shut down electricity supply in the country should Nigeria Labour Congress (NLC) declare a nationwide protest over the protracted industrial crises in the country’s educational sector. Under the aegis of the National Union of Electricity Employees (NUEE), the workers argued that the carefree attitude […]
The Minister of Power, Engineer Abubakar Aliyu, believes Nigerians will soon begin to experience a turnaround in the power sector. In a statement commemorating his 50th day in office, Aliyu said the Federal Government is aware of the challenges facing the sector and is working to resolve them. He noted that the government is focusing […]
TUNDE SHORUNKE Despite N1.5 trillion federal government support for it over the years, the current power sector has remained comatose. The intervention, aimed at boosting the performance of operators in the power value chain, was expected to improve the outputs of players in the sector. Speaking on why the sector has not performed as expected, […]
By Philip Clement, Abuja Textile, manufacturing and agricultural enterprises in the country have collapsed under costly, unstable and inefficient industrial fuel as the Federal Government drags its feet on a critical energy sector initiative, according to our reports. Hardest hit are companies in northern Nigeria. It has, therefore, been argued that gas is central to […]
Millions of Nigerians may have to endure low power generation and distribution. This is because nine of the nation’s 27 power plants have been idle, leaving a total generation capacity of 2,079.1 megawatts stranded. Thus, the total power generation in the country stands at 3,269.6MW. Recent figures obtained from the Nigerian Electricity System Operator showed […]
…Demanding reversal of power sector privatisation The Nigeria Labour Congress (NLC) has commended the Senate for calling off the threat by Electricity Distribution Companies (DisCos) to hike the electricity tariff and also demanding reversal of Nigeria’s power sector privatisation programme. In a statement sent to the Daily Times, the NLC President, Ayuba Wabba, said that […]
A coalition 21 civil society stakeholders drawn from National Power Sector Stakeholders’ Forum has urged the President to call the Secretary to Government of the Federation, Mr Boss Mustapha to order for what they described as an alleged undue thirst for power and of usurpation statutory powers of cabinet ministers for alleged pecuniary reasons. After […]
…Wants privatisation of sector revoked if constant electricity can’t be guaranteed …Seeks suspension of planned tariff increase scheduled to take effect July 1 …FG sacks TCN MD, names successor, confirms appointment of 4 directors The Senate on Tuesday mandated its committee on Power to probe the utilisation of the N1.532 trillion intervention funds injected into […]
The Federal Executive Council (FEC) on Wednesday resolved to address the problems facing the nation’s power sector to boost electricity supply across the country. The Minister of Power, Malam Sale Mamman, made this known when he briefed State House correspondents on the outcome of the Council meeting, presided by President Muhammadu Buhari, at the Presidential […]
The General Secretary of the National Union of Electricity Employees (NUEE), Comrade Joe Ajaero has said that the privatisation in power sector was not meant to succeed, but to fail due to the fact that the move has remained unchecked for two decades. Comrade Ajaero disclosed this at the 6th Quadrennial/11th National Delegates’ Conference in […]
…N5.864trn spent so far by OBJ, GEJ, Buhari to rejuvenate sector with little to show …Stakeholders bemoan unimpressive power supply, demand improved supply …Our challenges, by TCN, GenCos, DisCos There is anxiety across the country following the Federal Government request of a fresh $3 billion loan from the World Bank to reform the power sector. […]
Some stakeholders in the power sector have said that the country’s economy will be better improved if Nigerians harness the potentials in renewable energy. They mentioned this on the sideline of a free solar installation training workshop held on Saturday in Ibadan. The training programme was organised by Techfine and Nexgen Energy partners for no […]
The Lagos State Government has called on private investors to assist the state in the provision of 9,000 megawatts to enable it transform the economy of the state. Gov. Babajide Sanwo-Olu made the call at the Corporate Council on Africa Forum on the sideline of the ongoing 74th Session of the United Nations General Assembly […]