The Federal government says a targeted electricity subsidy is being developed to protect vulnerable households while ensuring the long-term commercial viability of the industry. The Minister of Power, Adebayo Adelabu, who made the disclosure at the Nigeria Energy Forum in Lagos, said that the government would also introduce a minimum capital adequacy requirement for distribution…
As part of efforts to address the metering gaps in the power sector, the Federation Account Allocation Committee (FAAC), has secured N7000BN, under the Presidential Metering Initiative (PMI) to deploy 1.1 million meters by the end of 2025, and 2 million meters annually for the next five years. This is to complement the 3.2 million…
The Energy Commission of Nigeria has reaffirmed the Federal Government’s commitment to tackling electricity challenges in public hospitals and universities through increased investment in renewable energy. The Director-General of the ECN, Dr. Mustapha Abdullahi, disclosed this in a statement issued on Thursday to mark his two years in office. He said the Renewed Hope Solarisation…
Three northern Nigerian states, Kano, Katsina, and Jigawa, have announced a partnership to form a tri-state electricity market. This comes as the states teamed up to acquire equity stakes in the Kano Electricity Distribution Company (KEDCO), which has Future Energies Africa as its core investor. This was disclosed in a statement by the spokesperson of…
The Federal Government has finalised implementation frameworks for a ₦4 trillion government-backed bonds to settle verified arrears owed to power Generation Companies (GenCos) and gas suppliers. The Special Adviser to the President on Energy, Mrs. Olu Verheijen disclosed this in a statement made available to newsmen in Abuja. In the statement signed by Senan Murray,…
The Federal Government has signed renewable energy deployment agreements worth $500 million with five state governments and the Netherlands Development Organisation (SNV) to boost solar power generation and expand local production of solar panels and battery storage systems in Nigeria. The agreements, facilitated through the Rural Electrification Agency (REA), were signed with Bayelsa, Ogun, Lagos,…
The Nigerian Electricity Regulatory Commission has approved the disbursement of N28bn to electricity distribution companies for the second phase of the Meter Acquisition Fund scheme, for the metering of all outstanding Band A customers free of charge. The order, cited as ‘NERC Order No: 2025/10—Order on the Operationalisation of Tranche B of the Meter Acquisition…
The Federal Government has hinted that over $400 million in new renewable energy investment commitments will be formalised within the next two days to strengthen Nigeria’s renewable energy manufacturing value chain. Vice President Kashim Shettima announced this on Tuesday at the inaugural Nigerian Renewable Energy Innovation Forum 2025 held in Abuja, saying the move is…
The Managing Director of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, has commended President Bola Ahmed Tinubu for his administration’s commitment to revamping Nigeria’s power sector, following his recent approval of the defrayment of the ₦4 trillion legacy debts owed to generation companies (GenCos). Recall that in July 2025, President Tinubu met…
Eko Electricity Distribution Company (EKEDC) has announced a major restructuring of its operations with the creation of a new subsidiary, Excel Electricity Distribution Company Limited, which will exclusively handle power distribution across Lagos State. In a statement, the General Manager, Corporate Affairs, Mr. Babatunde Lasaki, said the establishment of the new subsidiary was in full…
