ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Energy

Adebayo Adelabu Promises Improved Electricity Supply Amid Gas Constraints

Victoria Emeto by Victoria Emeto
March 20, 2026
in Energy
0
Adebayo Adelabu Promises Improved Electricity Supply Amid Gas Constraints

Nigeria’s Minister of Power, Adebayo Adelabu, has assured citizens that electricity supply will soon improve as the Federal Government intensifies efforts to resolve gas constraints affecting power generation.

Adelabu made the disclosure in his Eid-el-Fitr message on Thursday, noting that recent interventions are beginning to address long-standing gas supply issues that have limited electricity generation nationwide.

He stated that the government is implementing concrete measures to ensure a more reliable and sustainable electricity supply for homes, businesses, and industries. According to him, reforms initiated by President Bola Tinubu are gradually taking effect, with Nigerians expected to experience the benefits soon.

However, the power sector continues to face significant challenges. Gas suppliers recently halted supply to thermal power plants over an estimated N3.3 trillion debt owed by generation companies, worsening the nationwide electricity shortage.

The Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji, warned that the growing debt burden across the electricity value chain is pushing the sector toward a major crisis.

Data from the Nigerian Independent System Operator (NISO) shows that power generation dropped below 4,000 megawatts in recent weeks due to gas constraints affecting thermal plants, making reliable electricity supply difficult across the country.

Further figures revealed that thermal plants require about 1,629.75 million standard cubic feet of gas per day to operate optimally. As of February 23, 2026, actual supply stood at roughly 692.00 mmscf per day—less than 43 percent of the required volume.

Electricity consumers across various supply bands have continued to express frustration over prolonged outages, especially amid rising fuel prices and intense heat conditions. Many homes and businesses have been forced to rely on alternative power sources.

Despite these challenges, Adelabu expressed optimism that ongoing reforms and interventions would lead to noticeable improvements in the near term. He emphasized that resolving gas supply constraints remains central to stabilizing the power sector.

“The challenges we face today are, without doubt, the building blocks of a more prosperous tomorrow,” the minister said, urging Nigerians to remain patient and supportive of the government’s reform agenda.

He also called on citizens to sustain the spirit of discipline and sacrifice cultivated during Ramadan, highlighting the importance of collective responsibility in national development.

Adelabu added that ongoing engagements by President Tinubu, including recent meetings in the United Kingdom, are expected to attract investment into critical sectors such as power, ultimately strengthening infrastructure and service delivery.

The minister reaffirmed the government’s commitment to delivering improved electricity supply, expressing confidence that sustained reforms and cooperation would yield long-term benefits for Nigerians.

Tags: #ElectricityCrisis#EnergyReform#NigeriaNews#PowerSector
Previous Post

Nigeria’s Balance Of Payment Falls 38% To $4.23bn

Next Post

MTN Nigeria Records N1.1tn Profit, Signals Strong Digital Economy Recovery

Victoria Emeto

Victoria Emeto

Next Post
MTN Nigeria Records N1.1tn Profit, Signals Strong Digital Economy Recovery

MTN Nigeria Records N1.1tn Profit, Signals Strong Digital Economy Recovery

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Supreme Court Rules in Favor of Fidelity Bank, Orders Judgment Debt Paid in Naira

Fidelity Bank Plc Empowers Women Entrepreneurs with Tools, Skills in ‘Give to Gain’ Initiative

March 20, 2026
World Bank, IMF Urge Inflation Control as NESG Forecasts 5.5% GDP Growth

IMF Warns Iran War Could Drive Global Inflation Surge

March 20, 2026
SEC to Launch USSD Code for Verifying Capital Market Operators

SEC Raises Capital Requirements for Market Operators

March 20, 2026
MTN Nigeria Records N1.1tn Profit, Signals Strong Digital Economy Recovery

MTN Nigeria Records N1.1tn Profit, Signals Strong Digital Economy Recovery

March 20, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Supreme Court Rules in Favor of Fidelity Bank, Orders Judgment Debt Paid in Naira

Fidelity Bank Plc Empowers Women Entrepreneurs with Tools, Skills in ‘Give to Gain’ Initiative

March 20, 2026
World Bank, IMF Urge Inflation Control as NESG Forecasts 5.5% GDP Growth

IMF Warns Iran War Could Drive Global Inflation Surge

March 20, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!