Tinubu Approves N2.8tn for GenCos, Rejects N6tn Electricity Subsidy Claim
President Bola Tinubu has approved the payment of N2.8tn to power generation companies as the Federal Government’s verified liability for ...
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Tag: #PowerSector
GenCos Say Unpaid Electricity Invoices Hit N6tn, Reject NLC’s Extortion Claims
Power generation companies under the umbrella of the Association of Power Generation Companies have disclosed that outstanding unpaid invoices for ...
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FG’s N300bn Power Plan for Varsities, Teaching Hospitals Stalls Over Zero Funding Release
The Federal Government’s plan to provide stable electricity to federal universities and tertiary hospitals has suffered a setback following the ...
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GenCos Urge FG to Extend ₦3.6tn Power Subsidy Plan Beyond 2028
Power generation companies operating under the Association of Power Generation Companies (APGC) have called on the Federal Government to extend ...
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FG slams DisCos for slow installation of World Bank-backed free meters
Only about 200,000 smart meters have been installed under the federal government’s $500 million World Bank-backed Distribution Sector Recovery Program ...
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FG Proposes N3.6tn FAAC Deduction to Fund Electricity Subsidies Over Three Years
The Federal Government has proposed a total deduction of N3.6 trillion from the Federation Account to fund electricity subsidies between ...
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FG to Share Electricity Subsidy Burden Across Federal, State, LGs from 2026
The Federal Government has announced plans to end the practice of bearing electricity subsidy costs alone, unveiling a new framework ...
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FG Earmarks N7bn for Solarisation of Presidential Villa in 2026 Budget
The Federal Government has earmarked N7bn for the ongoing solarisation of the Presidential Villa, Abuja, as part of efforts to ...
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FG Raises ₦501bn in Fully Subscribed Inaugural Power Sector Bond
The Federal Government has announced the successful issuance of a ₦501 billion inaugural bond for electricity Generation Companies (Gencos) under ...
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EEDC Launches Debt Recovery Scheme, Offers Discounts on Outstanding Electricity Bills
Enugu Electricity Distribution Plc (EEDC) has announced the launch of a new debt recovery scheme offering discounts to customers with ...
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