Nigerian govt halts transfer of regulatory oversight to states

Nigerian govt halts transfer of regulatory oversight to states

The Nigerian government has halted the transfer of regulatory oversight of the electricity market to state governments. Nigeria’s Minister of Power, Adebayo Adelabu, disclosed this while speaking at the eighth edition of the Africa Energy Market Place (AEMP) Nigeria, in Abuja, on Friday. He explained that this was due to the need for state governments … Read more

Nigerian govt flags off N40 billion mass metering project across army formations

Nigerian govt flags off N40 billion mass metering project across army formations

The Nigerian government has flagged off a N40 billion mass metering project to end the era of estimated billings in the Nigerian Army formations nationwide. Bolaji Tunji, special adviser on strategic communication and media relations to the Minister of Power, Adebayo Adelabu, disclosed this in a statement on Sunday. “The Federal government has begun the … Read more

Nigeria’s electricity prices may increase as govt says subsidy no longer sustainable

Nigerian govt flags off N40 billion mass metering project across army formations

The Nigerian government on Wednesday said it has become very difficult to sustain subsidies on electricity in the country. Nigeria’s Minister of Power, Adebayo Adelabu, disclosed this at a press conference in Abuja. Mr Adelabu explained that the indebtedness of the country’s power sector to electricity-generating companies (GenCos) and the gas companies (GasCos) has risen … Read more

Nigeria govt set to unbundle TCN

Nigerian govt flags off N40 billion mass metering project across army formations

The Nigerian government on Tuesday hinted at plans to restructure the Transmission Company of Nigeria (TCN) into two entities. Nigeria’s Minister of Power, Adebayo Adelabu, disclosed this while speaking at the Federal Ministry of Power ministerial retreat held in Abuja on Tuesday. The TCN, which coordinates the nation’s electricity transmission network, is one of 18 … Read more