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Nigeria’s costly electricity subsidy is heading for the exit. Minister of Power Joseph Tegbe announced on Friday that the Federal Government will begin phasing it out from 2027, framing the move as central to rescuing a power sector buried under trillions of naira in unpaid bills. Speaking at a media session in Abuja, Tegbe…
Nigeria’s electricity distribution companies ended 2025 with a curious paradox on their books. They pumped out more power, banked record revenue and connected more meters than ever before, yet quietly watched more than a million paying customers walk away. Fresh figures from the National Bureau of Statistics, drawn from data compiled by the…
Nigeria’s power generation companies have raised fresh concern over a looming N1 trillion debt, warning that persistent liquidity challenges and stranded capacity now exceeding N2.376 trillion are threatening the survival of the sector. The operators say urgent intervention by the Federal Government is needed to stabilise the market, improve cash flow and prevent…
President Bola Ahmed Tinubu has tapped Joseph Tegbe, a former KPMG partner, to lead the Ministry of Power. This choice signals a shift from political patronage to technocratic management in a sector that remains Nigeria’s most stubborn economic bottleneck. Tegbe replaces Adebayo Adelabu, who resigned to revive his quest for the governorship of Oyo State….
