FG Pays ₦1.23tn of ₦3.3tn Electricity Debt, Targets 19,000MW Transmission Capacity
Nigeria has paid ₦1.23tn of its outstanding electricity generation debt, while the government targets a major expansion of transmission capacity ...
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Tag: #NigeriaPowerSector
FG Pledges Stable Electricity Supply Nationwide, Moves to Clear GenCos’ Legacy Debts
Federal Government renews commitment to addressing outstanding power generation debts and improving electricity reliability as financial challenges continue to affect ...
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TCN Secures $1.4bn to Expand National Grid, Raises Capacity to 8,700MW
The Transmission Company of Nigeria (TCN) has secured more than $1.4bn, equivalent to about N1.87tn, in loans and grants from ...
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FG Plans Small-Scale Hydro Projects for 21 Idle Dams Along Sokoto-Badagry Road
The Federal Government says it is developing a policy on small-scale hydro projects to convert 21 idle dams discovered along ...
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TCN Arrests Suspect Over Vandalism of Six Transmission Towers, Recovers Stolen Components
The Transmission Company of Nigeria (TCN) has announced the arrest of a principal suspect linked to the vandalism of six ...
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FG Plans Electricity Subsidy Phase-Out From 2027 Amid Power Sector Liquidity Crisis
The Federal Government has announced plans to begin phasing out electricity subsidies from 2027 as part of broader reforms aimed ...
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FG Unveils Plan to Establish Renewable Energy Firms to Rival DisCos
The Federal Government has unveiled plans to develop a new category of renewable energy companies that will eventually compete directly ...
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Nigeria Cancels $717.7m World Bank Power Sector Funding Amid Electricity Crisis
Nigeria has cancelled $717.7 million in undisbursed financing under the World Bank-backed Power Sector Recovery Performance-Based Operation (PSRO), dealing a ...
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FG Cancels $717.7m World Bank Power Sector Loan Amid Rising Tariff Crisis
The Federal Government of Nigeria (FGN) has cancelled $717.7m in undisbursed financing from the World Bank for Nigeria’s struggling electricity ...
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Nigeria’s DisCos Generate N196bn in February as Revenue Collection Slips Slightly
Electricity distribution companies (DisCos) in Nigeria generated a total of N196 billion in revenue in February 2026, according to the ...
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