In June 2023, President Bola Tinubu assented to the electricity bill, which authorises states, companies, and individuals to generate, transmit and distribute electricity The post Electricity: Nigerian govt halts transfer of regulatory oversight to states appeared first on Premium Times Nigeria. Powered by WPeMatico
Electricity: Nigeria govt to offset N130 billion debt to gas companies
Mr Adelabu said in February that the indebtedness of the country’s power sector to electricity generating companies (GenCos) and gas companies (GasCos) had risen to over N3 trillion. The post Electricity: Nigeria govt to offset N130 billion debt to gas companies appeared first on Premium Times Nigeria. Powered by WPeMatico
Don’t distract our transformation plan for electricity sector- Power minister tells labour
Nigeria’s electricity generation up to 4,800mw – Power Minister, Adelabu
Minister of Power, Adebayo Adelabu says Nigeria’s electricity generation has increased to 4,800 megawatts in the past few days from 4200MW. He disclosed this on Thursday when he was in Ajah, Lagos State, to launch a 63MVA, 132/33kV mobile substation installed under Phase 1 of the Presidential Power Initiative by the FGN Power Company in […]
Sack Adelabu, Mele Kyari now or face nationwide protest – NANS to Tinubu
The National Association of Nigerian Students, NANS, has urged for the removal of Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Corporation Limited (NNPCL) and the Minister of Power, Adebayo Adelabu. NANS is concerned about the challenges faced by Nigerians as a result of inconsistent electricity supply, high tariffs, and […]
Tariff hike: FG still subsidising electricity – Adelabu
The Minister of Power, Adebayo Adelabu, has said the Federal Government is still paying subsidies on electricity despite the recent hike in tariff for Band A customers. Speaking in an interview on Channels Television’s Politics Today on Thursday, he explained that the government has about N1.8 trillion to pay in electricity subsidy for 2024. According […]
We can’t fix electricity problem of 50 years in one year – Adelabu tells Nigerians
Minister of Power, Adebayo Adelabu, said President Bola Ahmed Tinubu’s administration cannot fix the five decades of power sector challenges in one year. Adelabu disclosed this in a Channels Television interview on Thursday. He said the government is making consistent and gradual progress towards solving the power sector’s challenges. “The problem we are having is […]
Electricity tariff will reduce if exchange rate drops to N1,000/$ – Adelabu
Minister of Power, Adebayo Adelabu has claimed that the electricity tariffs that were recently increased, will reduce if the exchange rate falls below N1,000 to a dollar. Adelabu made this comment when he appeared on Channels Television’s Politics Today on Thursday. On April 3, the Nigerian Electricity Regulatory Commission, NERC, announced the removal of subsidy […]
Electricity tariff hike: I’m sorry – Power Minister, Adelabu apologises to Nigerians over AC, freezer comment
The Minister of Power, Adebayo Adelabu, has apologised to Nigerians over his comments about people leaving their freezer and air conditioners on. Addressing journalists at the ministerial press briefing a week ago, Adelabu criticised Nigerians who keep their freezers and air conditioners on when they are not home. He said Nigerians lack the culture of […]
Electricity Tariff Hike: 100% subsidy for power insensitive – Adelabu
The Minister of Power, Adebayo Adelabu, says it would have been insensitive for the Nigerian government to continue paying 100 per cent electricity subsidy. Adelabu disclosed this during a ministerial briefing in Abuja on Friday. The minister spoke against the backdrop of the recent hike in electricity tariffs for customers who are getting 20-24 hours […]