Category: Power

Fuel Subsidy Should Have Been Removed Gradually, Not Abruptly — Obi

Abibat Babalola

The Labour Party presidential candidate in the 2023 elections, Peter Obi, has said that he would have removed the petrol subsidy and floated the naira if elected president, but would have done so gradually and in a more organised manner. Speaking during an interview with Arise Television on Monday, the former Anambra State governor emphasised that, while he supports the policies, their implementation by the current administration was poorly managed. Obi said, “I have consistently maintained that I would have removed the fuel subsidy. “If you go to my manifesto,…

Read More

NDPHC Increases Power Supply To Borno By 6MW With New Injection Substation

Abibat Babalola

The Niger Delta Power Holding Company, NDPHC, has inaugurated a new 1×7.5MVA 33kV/11kV distribution injection substation with the capacity to supply six megawatts of power to Borno State University and its environs. A statement by the company’s General Manager, Corporate Communications and External Relations, Emmanuel Ojor in Abuja on Monday said the substation which was commissioned by Vice President Kashim Shettima is expected to significantly improve the quality and reliability of electricity supply to the university and extend benefits to vulnerable communities in the surrounding area. The project, implemented under…

Read More

NDLEA Arrests Two Saudi-Bound Pilgrims For ‘Ingesting 90 Wraps Of Cocaine’

Abibat Babalola

The National Drug Law Enforcement Agency (NDLEA) says its operatives have arrested two pilgrims heading to Saudi Arabia for the 2025 hajj for allegedly ingesting 90 wraps of cocaine. A statement on Sunday by Femi Babafemi, NDLEA spokesperson, said the suspects were intercepted at the Mallam Aminu Kano International Airport in Kano on May 26 during outward clearance for an Ethiopian Airline flight to Jeddah. Babafemi said both men tested positive for ingesting illicit substances and were placed under excretion observation. READ ALSO: Should A Muslim Who Wants To Kill…

Read More

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…

Read More

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…

Read More

Govt’s Spending On Electricity Subsidy Hits N762 Billion

ADEOLA YUSUF

. 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…

Read More

Electricity Tariff Hike Imminent, Adelabu Hints At Total Subsidy Removal

ADEOLA YUSUF

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…

Read More

Tinubu Meets GenCos Over N4trn Electricity Debt

ADEOLA YUSUF

. 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…

Read More

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

ADEOLA YUSUF

. 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…

Read More

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

ADEOLA YUSUF

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…

Read More