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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Tag: #PowerSector
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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FG Allocates ₦1.096trn for Power Sector Capital Projects in 2026 Budget
The Federal Government has earmarked ₦1.096 trillion for the execution of capital projects in the power sector under the 2026 ...
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TCN Records 131 Vandalism Cases in 2025, Achieves Historic Peak Power Transmission
The Transmission Company of Nigeria (TCN) recorded 131 cases of infrastructure vandalism across its national network in 2025, even as ...
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FCCPC lifts seal on Ikeja Electric headquarters after compliance pledge
The Federal Competition and Consumer Protection Commission (FCCPC) has lifted the seal placed on the headquarters of Ikeja Electric Plc ...
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REA, NBS Partner on National Energy Survey to Strengthen Power Sector Planning
The Rural Electrification Agency (REA) and the National Bureau of Statistics (NBS) have entered into a strategic partnership to conduct ...
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FG Begins Repayment of ₦4tn GenCos Debt with ₦590bn Bond Issuance
The Federal Government has commenced the long-awaited process of repaying the ₦4 trillion debt owed to Power Generation Companies (GenCos) ...
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