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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…
Nigerian households and businesses are buying their way out of the national grid at a pace that has now placed the country among the biggest markets for small scale solar investment across Sub Saharan Africa, according to a new BloombergNEF assessment that credits arithmetic rather than climate policy for the shift. The report, titled…
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…
A fresh dispute over Nigeria’s troubled electricity sector has opened between the Presidency and the opposition, after Special Adviser to the President on Information and Strategy, Bayo Onanuga, dismissed a campaign pledge by Peter Obi to raise power generation and distribution by at least 10,000 megawatts within four years. Onanuga criticised the recent promise by…
The Lagos State Electricity Regulatory Commission has named 38 companies operating across Lagos that have failed to apply for licences and the necessary regularisation despite repeated directives, raising fresh questions about compliance in the state’s emerging electricity market. The firms, which include MTN, Flour Mills, Golden Penny, First Global Commerce Solutions Limited, African Steel…
Nigerians are paying significantly higher electricity tariffs under the Band A classification framework but receiving far less than promised, as fresh data and consumer accounts from across the country expose a deepening crisis of service delivery, regulatory failure, and growing public frustration. Two years after the Nigerian Electricity Regulatory Commission (NERC) decoupled Band A feeders…
Nigerians are paying 300 per cent more for electricity while receiving the same dismal service. Two years after the government introduced Band A tariffs to boost revenue, the power grid remains stuck. Data from the Independent System Operator shows average generation hovers around 4,200 megawatts. Distribution companies ration even less, sharing just 3,618 megawatts among…
Nigeria’s electricity distribution companies are learning a hard lesson in diminishing returns. Data from the Nigerian Electricity Regulatory Commission shows that improved operational efficiency failed to stop a revenue slide in February. The sector received 17.64% more energy by value than in January, yet total billings dropped by nearly 10%. This gap suggests that while…
No fewer than 192 people were either killed or injured in electricity-related incidents across Nigeria in 2025, according to data released by the Nigerian Electricity Regulatory Commission, underscoring persistent safety failures within the industry. A breakdown of the figures shows that 109 deaths and 83 injuries were recorded during the year under review. While…
The Nigerian Electricity Regulatory Commission (NERC) has ordered the Transmission Company of Nigeria (TCN) to slash regional power losses to 6.5% by the end of 2026. Under the new directive, which took effect today, the regulator is moving away from national averages to hold individual regions accountable for energy wasted in transit. Current data reveals…
