Tag: Bolaji Tunji

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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‘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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