AGS NEWS – The Board of Directors of the Ibadan Electricity Distribution Company (IBEDC) has terminated the appointment of Mr. Kingsley Achife as Managing Director. His contract was not renewed, and Engineer Francis Agoha has been appointed as Acting Managing … Continue reading Ibadan electricity sacks MD Achife, names Francis Agoha as replacement
AGS NEWS – Despite low power generation, electricity distribution companies in Nigeria increased monthly revenue from N95 billion in January to N100 billion in March 2024. Data from the Nigerian Electricity Regulatory Commission (NERC) showed N97 billion revenue in February. … Continue reading Discos’ monthly revenue increases by N5bn despite outages
AGS NEWS – The Federal Government spent N628.61 billion on electricity subsidies in 2023, while power distribution companies (Discos) collected a total revenue of N1.08 trillion, according to data from the Nigerian Electricity Regulatory Commission (NERC). Subsidies on electricity increased … Continue reading Electricity subsidies hit N629bn while discos generate N1.1tn
AGS NEWS – The Niger State House of Assembly is adamant that the Abuja Electricity Distribution Company (AEDC) must ensure the provision of electricity for 18 hours daily, or else the state will explore alternative power sources. The assembly recently … Continue reading Niger assembly demands 18 hour electricity supply
An analysis of the latest monthly figures regarding overbilled customers shows that power distribution companies overbilled approximately 7.1 million unmetered electricity consumers between January and September 2023. The Nigerian Electricity Regulatory Commission (NERC), a Federal Government agency, issued Regulatory Interventions … Continue reading Power distribution companies overbill 7.1 million customers in nine months – FG
The Nigerian Federal Government revealed on Tuesday that the country relies on generators powered by Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel) for approximately 40,000 megawatts of electricity. The disclosure came during the ministerial summit on Integrated National … Continue reading Nigeria relies on generators for 40,000MW electricity – FG
Kingsley Achife, the Chief Executive Officer of the Ibadan Electricity Distribution Company (IBEDC), revealed on Monday that residential consumers in Ogun State owed the company more than N67 billion. He emphasized the importance of customers settling their debts to avoid … Continue reading IBEDC expresses concern over N67bn debt from Ogun customers
The Nigeria Security and Civil Defence Corps (NSCDC), Osun State Command, conducted a public parade on Monday. They presented a group of suspects that included a private school teacher named John and five others. These individuals were apprehended for allegedly … Continue reading Teacher and five others paraded for electricity meter theft in Osun state
During a visit to the National Control Centre of the Transmission Company of Nigeria in Osogbo, Minister of Power, Bayo Adelabu, outlined the Federal Government’s goals to significantly increase electricity generation in Nigeria. Adelabu expressed the government’s aspiration to generate … Continue reading Nigeria sets target to reach 20,000 megawatts of electricity by 2026
The Federal Government has announced an increase in the prices of single-phase and three-phase prepaid electricity meters, effective from September 6, 2023. This decision has been met with resistance from power consumers who are already grappling with rising costs in … Continue reading Consumers express outrage over 40% increase in electricity meter prices
The Nigerian Electricity Regulatory Commission (NERC) has given its approval for an upward adjustment in the prices of prepaid electricity meters within the nation. According to a circular dated September 5, 2023, and signed by the Chairman, Sanusi Garba, and … Continue reading Nigerian government raises prices of prepaid electricity meters
The Abuja Electricity Distribution Company (AEDC) has confirmed that the ongoing strike led by the Nigeria Labour Congress (NLC) has resulted in a power outage in the state. In a statement released by AEDC management and posted on X, residents … Continue reading Abuja faces power outage amid labor strike by electricity workers
A variety of factors are driving the surge in high energy expenses, primarily attributed to the escalating diesel costs and the devaluation of the naira. As a consequence, companies are grappling with the impact on their profit margins, necessitating them … Continue reading Big companies struggle with high costs as energy bills reach N221 billion
The Ondo State Commissioner for Information and Orientation, Mrs Bamidele Ademola-Olateju, has assured that the longstanding electricity challenges in the state are on the verge of being resolved. She indicated that the shift of electricity matters to the concurrent list … Continue reading Ondo state commissioner promises 22 hour electricity for communities soon
Mrs. Bamidele Ademola-Olateju, the Ondo State Commissioner for Information and Orientation, has assured the public that the ongoing electricity challenges in the state will soon be resolved. She mentioned that since the responsibility for electricity matters has been transferred to … Continue reading Ondo communities set to experience 22 hour electricity soon, says commissioner
In the first quarter of 2023, the Nigerian Electricity Regulation Commission (NERC) unveiled its quarterly report disclosing that the federal government allocated N36 billion to subsidize electricity consumption. This amount equated to a monthly payment of N12 billion, channeled to … Continue reading FG spends N36 billion on electricity subsidy in three months
A civil liberty organization, Network for Advocacy and Good Leadership Initiative (NAGLI), has strongly criticized the Federal Government’s plan to increase electricity tariffs by 40%, stating that it will deepen the suffering of Nigerians. The group emphasized that the timing … Continue reading Group opposes proposed 40% electricity tariff hike, citing further suffering for Nigerians
Protests erupted in Osogbo, the capital of Osun State, as approximately 50 communities gathered at the regional office of the Ibadan Electricity Distribution Company (IBEDC) to express their outrage over the disconnection of their electricity. The demonstrators accused IBEDC of … Continue reading Ibadan disco disconnects electricity in 50 Osun communities, sparking protests
The Nigeria Labour Congress (NLC) has called for the postponement of the planned increase in electricity tariffs, set for July 1, in order to protect the collective well-being and safety of Nigerians. NLC President, Mr. Joe Ajaero, emphasized that the … Continue reading NLC calls on FG to postpone electricity tariff hike
According to the latest Electricity Report for the first quarter of 2023 released by the National Bureau of Statistics (NBS), electricity distribution companies (Discos) in Nigeria experienced a significant increase in revenue, even though there was a decline in supply. … Continue reading Electricity distribution companies generate N480 billion in six months – NBS
Ogidi Stanley, a customer of Ikeja Electric and an employee of PUNCH Nigeria Limited, has lodged a complaint against the electricity distribution company with the Nigerian Electricity Regulatory Commission (NERC) regarding exorbitant bills. Ogidi resides in Adiyan, Ifo Local Government … Continue reading Ikeja electric faces regulatory complaint over excessive bills
The Federal Government of Nigeria has emphasized the necessity for the private sector to invest approximately $3.5 billion each year in order to achieve the goal of increasing electricity generation capacity to 30,000 megawatts (MW) within the next seven years. … Continue reading Nigeria seeks $24.5 billion investment to achieve 30,000MW electricity capacity
Despite claims by the Minister of Power, Abubakar Aliyu, that Nigeria has the cheapest electricity, recent findings reveal that over 100 countries offer more affordable electricity rates than Nigeria. This is in stark contrast to the near-zero improvement in power … Continue reading Nigeria’s electricity affordability plummets as tariffs soar 168% in eight years
The Minister of Power in Nigeria, Abubakar Aliyu, has claimed that Nigeria has the cheapest cost of electricity in the world. During an interactive session with the Senate committee on power and heads of various agencies in the power sector, … Continue reading Nigeria’s Minister of Power claims the country has the world’s cheapest electricity
The Transmission Company of Nigeria (TCN) has warned that several distribution companies may soon be disconnected from the grid due to their failure to comply with market rules. The TCN has accused the distribution companies of flouting the guidelines governing … Continue reading TCN threatens to disconnect defaulting DisCos and GenCos, raising concerns of impending darkness
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