Power Sector And Other Related News Stories For Thursday May 23rd 2024

Posted by News Room May 23, 2024

Electricity Subsidy Gulps N629bn As Discos Generate N1.1tn

The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained from the Nigerian Electricity Regulatory Commission on Wednesday showed.



Expert Suggests Mixed Energy Sources, For Power Supply To Be Steady

The STEM research consultant and Public Sector Analyst, in Abuja, Nigeria’s Federal Capital Territory (FCT), Dr Chike Obed Emeribe (Ph.D) suggests that to achieve steady power supply in the country, there should be mixed energy sources such as solar, biomass, coal, among others.



Fg Spent ₦628.61 Billion On Electricity Subsidy In 2023 Amid Rising Power Costs

The Federal Government of Nigeria expended a staggering ₦628.61 billion on electricity subsidies in 2023, as part of efforts to stabilize the power sector and cushion the economic impact on citizens.



FG Inaugurates 132KV Transmission Line, 33KV Substation In Ondo

The Federal Government on Wednesday, inaugurated a 132 Kv transmission line and 132kv/33kv substation at Ode-Erinje in Okitipupa Local Government Area of Ondo State.



Orld Bank’s $750m Fund Will Provide Electricity To 20m Nigerians

Abba Aliyu, managing director of the Rural Electrification Agency (REA), said the $750 million project supported by the World Bank would provide electricity to 20.1 million Nigerians.

Aliyu spoke at the ARE Energy Access Investment Forum (EAIF) 2024 held on May 21.




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