Category: Power

DisCos’ Performance Disappointing — We’ll Get Tough On Them – Adelabu

Abibat Babalola

Bayo Adelabu, minister of power, says electricity distribution companies (DisCos) have disappointed the country regarding performance expectations and hindered the government’s efforts at improving supply. Adelabu spoke during a two-day retreat organised by the senate committee on power, according to a statement on Tuesday by Bolaji Tunji, special adviser, strategic communication and media relations to the minister. “We need to get tough with the DisCos, as they can easily frustrate all the gains we have made,” the minister said . “They have disappointed us in performance expectations. Whatever we do…

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Electricity Subsidy Balloons Govt’s Debts To N800bn – Senate

Ganiyu Amodu

The Senate Committee on Power has raised concerns over the liquidity crisis bedeviling the power sector, lamenting that the tariff shortfalls in the industry have indicated that the government owes about N200bn to electricity generating companies every month. The committee disclosed that since this year, the government has not paid the power producers, and that this has raised the debt to about N800bn. The Chairman of the Committee, Senator Enyinnaya Abaribe, disclosed this while fielding questions from journalists during a retreat held in Ikot-Ekpene, Akwa Ibom State, on Saturday. The…

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Govt’s Spending On Electricity Subsidy Hits N762 Billion

Ganiyu Amodu

. Fresh facts and figures NERC just published on power sector reveal more   Electricity subsidy has increased to about N762bn in the first four months of 2025. Figures from various reports of the Nigerian Electricity Regulatory Commission showed that the subsidy on power was approximately N178bn in January. It rose to N194bn in February, N192bn in March, and N194bn in April. The Federal Government is therefore going to pay a sum of N198.42bn as electricity subsidy in April. According to a recent media report, the amount is N5.82bn higher…

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Electricity Tariff Hike Imminent, Adelabu Hints At Total Subsidy Removal

Ganiyu Amodu

Mr. Adebayo Adelabu, Minister of Power has called on Nigerians to accept cost-reflective electricity tariffs, stating that the economy can no longer sustain blanket subsidies. Speaking during a meeting with the Chairperson of the Association of Power Generating Companies (APGC), Dr. Joy Ogaji, Adelabu emphasized the urgent need to fully liberalize the power sector. A statement by his media aide, Bolaji Tunji, quoted the Minister as saying, “Citizens must pay the appropriate price for energy consumed. Targeted subsidies will continue for vulnerable Nigerians, but we must understand that our economy…

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Tinubu Meets GenCos Over N4trn Electricity Debt

Ganiyu Amodu

. aims to avert power sector collapse   The minister of Power, Adebayo Adelabu has proposed a meeting between President Bola Ahmed Tinubu and owners of electricity Generating Companies (GenCos) on ways to resolve the N4tr debt the government is owing the utility companies. In a statement, the minister said this is to show its commitment in paying the debt in cash and other instruments The commitment was made following high-stakes talks between Power Minister Adebayo Adelabu and Chairmen of Generating Companies of Nigeria (GenCos) in Abuja. The statement signed…

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Nigerian Army Reacts As Military Barracks’ Metering Generates ₦769.1m In 9 Months

Gbenga Adeoti

. How We Overcome delayed fund disbursements that slowed early mobilization – De-Haryor CEO   The Nigerian Army has reacted to the ongoing nationwide mass metering initiative across military barracks in Nigeria. Platforms Africa reports that the Federal Government of Nigeria and De-Haryor Global Services announced the mass metering initiative across military barracks, which, was considered a difficult terrain for billing and revenue collections. Inaugurated by the Minister of Power Adebayo Adelabu in March 2023 at the Ikeja Cantonment, Lagos, the metering scheme,  is a special intervention project designed to improve…

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The Fraud Called ‘Band A’ Electricity Tariff, By Ikechukwu Amaechi

Abibat Babalola

No matter how anyone tries to rationalise the obtuse economic reforms of the Tinubu administration, the most searing no confidence vote in their sustainability has been passed by the president himself when the presidency announced that it was no longer sustainable for the Aso Rock Villa to continue paying the yearly N47 billion ‘Band A’ electricity tariff. Aso Rock’s move which jolted many is coming on the heels of increasingly unreliable public power supply, even as the cost soars for both households and government institutions. In 2024, the Abuja Electricity…

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‘Burdened By Band A,’ Aso Rock Opts For Solar With N10bn Budget Allocation

Aliyu Aliyu

“In 2024, tariffs for Band A skyrocketed from N68/kWh to over N209/kWh within months.”   The Nigerian Government has approved a N10bn allocation in the 2025 budget for the installation of a solar mini-grid at the Presidential Villa. Platforms Africa reports that the project, titled “Solarisation of the Villa with Solar Mini Grid,” is intended to reduce the State House’s dependence on the national grid and ease the burden of rising electricity tariffs. ‘It’s 547k, No, It’s 572k;’ Power Minister, NERC Bicker Over 2024 Metering Data ‘Manufacturers, Others Boycott National…

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‘It’s 547k, No, It’s 572k;’ Power Minister, NERC Bicker Over 2024 Metering Data

ADEOLA YUSUF

    . ‘Crazy billing,’ Customers Woes Worsen As Metering Drops To 4-Year Low . Figures Shouldn’t Lie; what Adelabu said vs. What NERC said     Amidst the dip in metering to a four-year low, the power Minister, Adebayo Adelabu, and the Nigerian Electricity Regulatory Commission (NERC) have flaunted contradicting data on the program for 2024. Checks by Platforms Africa showed that while Mr. Adelabu stated that over 572,050 meters had been deployed under the National Mass Metering Programme (NMMP) in 2024, the sector regulator clearly stated that the…

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‘Oyebanji, Adelabu, Kyari, Soneye, Andy Odeh, Others,’ Who-Won-What At energyTIMES Awards

Ganiyu Amodu

Biodun Oyebanji, Governor of Ekiti State; Adebayo Adelabu, Minister of Power; Engr. Mele Kyari, former Group Chief Executive Officer of NNPC Limited; Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd; and Andy Odeh, former General Manager, External Relations and Regulatory Compliance at Nigeria LNG Limited (NLNG), were among the leading energy stakeholders recognized at the second edition of the energyTIMES Awards. Platforms Africa reports that the event, held in Oriental hotel, Lagos, honored exceptional individuals and organizations spearheading excellence and innovation in Nigeria’s energy sector. Kola Adesina, Group Managing…

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