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 Business news

States Reject 2025 Electricity Amendment Bill, Warn of N5 Trillion Sector Debt

Victoria Emeto by Victoria Emeto
July 18, 2025
in Business news
0

Nigeria’s state-level electricity regulators have firmly opposed the proposed Electricity Act (Amendment) Bill, 2025, warning that it could derail ongoing reforms, reintroduce unsustainable subsidies, and place unbearable financial pressure on both consumers and state governments.

In a strong statement issued by the Forum of Commissioners of Power and Energy in Nigeria (FOCPEN), the group called on the National Assembly to abandon the bill, arguing that it poses a significant threat to the power sector’s financial and regulatory stability.

The forum revealed that over N5 trillion in unpaid electricity subsidies is currently burdening the sector, undermining Nigeria’s efforts to build a self-sustaining energy market.

Signed by Prince Eka Williams, Commissioner for Power and Renewable Energy, Cross River State, and Barr. Omale Omale, Commissioner for Power, Renewable Energy and Transport, Benue State, the FOCPEN petition stressed that the bill could force states to relinquish regulatory autonomy they only recently secured through landmark reforms.

The commissioners further cautioned that reviving a subsidy-driven framework would only discourage private investment and create long-term instability in the electricity market.

“Pushing ahead with this bill would not only reverse hard-won progress but also deepen the crisis by reviving failed subsidy regimes and weakening state-level regulation,” the forum warned.

Tags: #ElectricityAct2025#EnergyReforms#FOCPEN#NigeriaPowerCrisis
Previous Post

Wall Street Hits Record High as U.S. Economy Shows Strength and Crypto Scores Win

Next Post

FIRS Boss Urges Stronger Collaboration with Accountant-General to Boost Tax Compliance

Victoria Emeto

Victoria Emeto

Next Post

FIRS Boss Urges Stronger Collaboration with Accountant-General to Boost Tax Compliance

Leave a Reply Cancel reply

Your email address will not be published.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

  • Trending
  • Comments
  • Latest

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

March 11, 2021

NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

June 7, 2024

Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

February 10, 2026

BNP Paribas Sells 25% Stake in AG Insurance to Ageas for £1.9bn

December 8, 2025

‘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

10

Airtel Africa Plc gets admitted to the NSE Main Board

6

Stallion Tank Farm resumes operations

3

Nigeria Targets Aerospace Materials Industry With $362m Ondo Titanium Processing Project

October 13, 2026

Fitch Raises Nigeria’s Credit Outlook to Positive as External Reserves Reach $54.9bn

October 13, 2026

Eritrea Seeks UN Security Council Action as Tensions With Ethiopia Escalate

October 13, 2026

Ghana Seeks BRICS Membership to Expand Trade, Investment and Industrial Development

October 13, 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
  • West Africa
  • World

Recent News

Nigeria Targets Aerospace Materials Industry With $362m Ondo Titanium Processing Project

October 13, 2026

Fitch Raises Nigeria’s Credit Outlook to Positive as External Reserves Reach $54.9bn

October 13, 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!