FG Moves to Clear N4tn Power Sector Debt as Five GenCos Sign Settlement Agreements
The Federal Government has taken a major step towards resolving Nigeria’s estimated N4tn power sector debt burden as five power ...
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Tag: #PowerSectorReform
NERC Threatens Sanctions as DisCos Lag in Meter Rollout, Refunds
Electricity Distribution Companies (DisCos) are facing increased scrutiny over their slow pace of meter deployment and poor refund performance, as ...
Read moreNERC Approves ₦28bn for Free Metering of Band A Customers Under Tranche B of Meter Acquisition Fund
The Nigerian Electricity Regulatory Commission (NERC) has approved the disbursement of ₦28 billion to electricity distribution companies (DisCos) for the ...
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NERC Clarifies States’ Limits on Power Regulation, Cautions on Tariff Cuts
The Nigerian Electricity Regulatory Commission (NERC) has clarified that state governments do not have jurisdiction over the national electricity grid ...
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States Move to Negotiate Fairer Electricity Tariffs Amid Industry Pushback
Commissioners of energy from Nigeria’s 36 states have expressed readiness to begin negotiations with power distribution companies (DISCOs) over electricity ...
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FG Secures $500 Million World Bank Loan to Boost Power Distribution
Despite the N4 trillion debt burden weighing on Nigeria’s electricity sector, the Federal Government has secured a $500 million loan ...
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FG Seeks $15.5bn Private Sector Investment for Mission 300 Power Project
The Federal Government has disclosed that $15.5 billion of the $32.8 billion needed for the Mission 300 Compact initiative is ...
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FG Reaffirms Power Sector Reforms, Targets $32.8bn Investment for Mission 300m
The Federal Government has reiterated its commitment to implementing far-reaching power sector reforms aimed at setting the industry on the ...
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FG Plans Cost-Reflective Tariff to Curb N4trn Power Sector Debt — Adelabu
The Federal Government is working on transitioning Nigeria’s electricity market to a cost-reflective tariff regime in a bid to halt ...
Read moreDiscos Collect ₦553.63bn in Q1 2025 According to NERC
Electricity Distribution Companies (Discos) in Nigeria collected ₦553.63 billion in revenue during the first quarter of 2025, according to the ...
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