Tag: Adelabu

‘Nigerians’ annual spending on fuelling, servicing of generators hits N16.5tr’ – Minister

Aminu Imam
Power Minister

The annual spending by Nigerians on self-generated electricity, particularly fuelling and servicing of generators has hit N16.5 trillion. Minister of Power, Adebayo Adelabu, who declared this to delegates in a speech at the  the on-going Nigeria Oil & Gas (NOG) ‘Energy Week conference’ in Abuja, declared that this figure was a result of a research carried out for the year 2023. Although Adelabu did not give further details on the research, he maintained that the money covered spending on fuelling and service of generators. He advocated up-scaled investments in grid…

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‘Ten national power plants operating at 10% capacity’ – Adelabu

Aminu Imam
Power Plant

Minister of Power, Adebayo Adelabu, has revealed that ten power plants in Nigeria are operating below 10 percent, talking to the infrastructural challenges in the sector. Adelabu made this statement at the BusinessDay Conference, in Lagos, with the theme: “Powering Nigeria’s Energy Future: Addressing Infrastructural Challenges for Sustainable Energy Development”. He expressed surprise at the under-utilisation of the facilities, which he said have the potential to generate significantly more electricity. The Minister identified two key factors limiting power generation: low gas supply and unpaid debts. Gas shortages prevent plants from…

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Policy Summersault: ‘Transfer of electricity regulatory oversight to States continues’ – FG  

Aminu Imam
Electricity

The Federal Government has back-tracked on halting the transfer of electricity regulatory oversight to State Governments. Minister of Power, Adebayo Adelabu, revealed the FG’s policy summersault at the two-day stakeholders workshop organised by the Nigerian Electricity Regulatory Commission, (NERC), in Lagos. The workshop on the implementation of the Electricity Act had in attendance the 36 State Commissioners of Energy and Power. The Minister’s statement comes a few days after he announced plans to halt the transfer of regulatory autonomy to States and conduct a test phase with a few States.…

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Tariff hike: ‘FG still subsidising electricity’ – Adelabu

Aminu Imam
Minister, Adelabu

Minister of Power, Adebayo Adelabu, has said the Federal Government is still paying subsidies on electricity despite the recent hike in tariff for Band-A customers. Speaking in an interview during a television programme  on Thursday, he explained that the Government has about N1.8 trillion to pay in electricity subsidy for 2024. According to him, “The Electricity Act, 2023 made provisions for the review of tariff twice a year”. He added that review of tariff is legal once it is within the exclusive responsibility of the Nigerian Electricity Regulatory Commission, (NERC),…

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Just In! Private jet carrying Minister of Power crash-lands at Ibadan Airport

Aminu Imam

An incident occurred yesterday night near the Ibadan Airport in Oyo State, involving an aircraft carrying the Minister of Power, Adebayo Adelabu, along with several of his aides. it is currently unknown whether the .inister or anyone else on board sustained any injuries during the crash-landing. The aircraft, which had reportedly departed from Abuja, was identified as a chartered HS 125, with the registration number 5N-AMM, from Flint Short Aero. Prior to the incident, the aircraft had requested and was granted an extension by the Nigerian Airspace Management Agency (NAMA),…

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“Expect improved power supply as from 6 months” – Power Minister Adelabu to Nigerians

Aminu Imam

Minister of Power, Adebayo Adelabu, says Nigerians will start witnessing improved electricity supply between six months and one year. Adelabu, who was one of the 45 ministers inaugurated by President Bola Tinubu on Monday, stated this to journalists on Friday at the Ladoke Akintola Airport, in Ibadan, the Oyo State capital, The Renewed Hope minister acknowledged that the task ahead may be daunting but not insurmountable. “We know it is not something that is achievable overnight; but we believe that once the foundation is laid, others can also build on…

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