Power Sector And Other Related News Stories For Tuesday April 23rd 2024 

Posted by News Room April 23, 2024

Nigeria’s government to sell off DisCos managed by banks, AMCON July

The Federal Government has disclosed plans to sell off the five electricity Distribution Companies (DisCos) managed by some banks and Asset Management Company (AMCON) to technical power operators, by July 2024.

Adebayo Adelabu, the minister of power disclosed this in Abuja on Monday during an oversight visit of the Senate Committee on Power to the ministry.



National grid collapse: Time to act with grace

There are growing concerns about the nation’s power sector due to the increasing number of national grid collapses. The collapse of the national grid several times in recent months brings to prominence the country’s energy sector crisis. And raises fundamental questions about the nation’s capacity to overcome the challenges facing the power sector.



Addressing Nigeria’s power tariff adjustment

The Organised Private Sector in Nigeria has raised concerns over the impact of the recent hike in electricity tariff on households and businesses stressing the tariff review may force over 65 per cent of businesses in the country to shut down. Meanwhile, the Nigeria Electricity Regulatory Commission says Nigeria will need about 3.2 trillion naira as electricity subsidy this year if it reverses the recent hike in electricity tariff



FG Targets Six Thousand Megawatts Power Generation

Minister of Power Adebayo Adelabu says Power generation in the country will be raised from four thousand to six thousand megawatts.

The Chairman of the Senate Committee on Power, Senator. Eyinnnaya Abaribe Led his colleagues to the Minister.

The committee members were on familiarization and oversight visit in line with section 80 and 81 of the Nigerian constitution.



FG to achieve 6000 megawatts using hydro, solar plants – Adelabu

The Minister of Power, Adebayo Adelabu, has unveiled plans to increase power generation from 4000 Megawatts to 6000 using the hydro and solar plants.

Adelabu said this in Abuja on Monday when the members of the Senate Committee on Power visited the ministry.



We use cookies to enhance your experience on our website. By continuing to browse our site,
you consent to our use of cookies.