TCN Reveals 54,995MW Grid Capacity As Power Supply Gap Persists

Nigeria’s transmission network now has an infrastructure capacity of 54,995 megawatts across 333 transmission lines, according to the Transmission Company of Nigeria, but the figure needs to be viewed against the much smaller amount of electricity the country actually generates and delivers to consumers. The latest disclosure by TCN General Manager, Operations, Godwin Aguiyi, has…

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Power Subsidy Ends in 2027 – FG

  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…

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$3.6 World Bank Loans Fail to Revive National Grid

$3.6b World Bank Loans Fail to Revive National Grid

Nigeria’s national electricity grid continues to collapse despite receiving 3.6 billion dollars in World Bank loans over the last decade. A comprehensive review of development finance reveals that massive capital injections failed to fix the country’s chronic transmission and distribution failures. The multi-billion-dollar funding aimed to stabilise power supplies, expand the national grid, and bring…

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Breaking: Mamman Saleh Sentenced to 75 Years Over Power Fraud

Court Convicts Former Power Minister Mamman Saleh of Fraud

The Federal High Court in Abuja has convicted former Minister of Power Saleh Mamman for laundering ₦33.8 billion. Justice James Omotosho found the former official guilty on all twelve counts brought by the Economic and Financial Crimes Commission. The judgment reveals a systematic looting of funds meant for the Mambilla and Zungeru hydroelectric projects. While…

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