Tag: DISCOs

FG approves ₦28bn for prepaid meters

Aminu Imam
FG prepaid meters

The Federal Government has approved the disbursement of ₦28 billion to electricity distribution companies (DisCos) for the purchase and installation of prepaid meters under the Meter Acquisition Fund (MAF) Tranche-B scheme. The Nigerian Electricity Regulatory Commission, (NERC), has, therefore, directed all DisCos to utilise the ₦28 billion fund to provide meters for Band-A and Band-B customers within their networks and added that the allocation would be distributed according to each company’s market collection share as of July 2025. It also said that DisCos had 10 days from the effective date…

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Nationwide blackout, as national grid crashes again

Aminu Imam
National grid crashes

Nigeria was plunged into another nationwide blackout yesterday, after the national electricity grid collapsed, cutting power supply across the country. According to data from the grid, power generation nosedived from 2,917.83 megawatts to a mere 1.5 megawatts between 11 a.m. and 12 p.m., effectively shutting down supply to nearly all Electricity Distribution Companies (DisCos). Only Ibadan DisCo reportedly retained minimal allocation. The Abuja Electricity Distribution Company (AEDC), in a statement issued at 11:23 a.m. via its X handle, confirmed the outage, attributing it to the sudden grid failure. “Please be…

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“How we sold DisCos, GenCos to ourselves under Jonathan” – Ex-Minister

Aminu Imam
Ex Minister on DisCos , GenCos

Former Minister of National Planning Commission in the administration of former President Goodluck Jonathan, Dr. Shamsuddeen Usman, has revealed how politicians and officials in the administration jostled for shares in the power generation and distribution companies (DisCos) that were privatised in 2013. The Minister during the administration of Jonathan made the revelation in Abuja on Thursday, at the 26th October Lecture of the Nigerian Society of Engineers, (NSE). Usman said government officials, who ordinarily should have been neutral in the privatisation exercise, were however guilty of foul plays, and used…

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‘Manufacturers on Band-A power facing serious trouble’ MAN

Aminu Imam
MAN on Band A power

The Manufacturers Power Development Company Limited, a firm founded under the Manufacturers Association of Nigeria, (MAN), has said that current energy costs in the country are unsustainable for manufacturing firms, especially those receiving electricity in the Band-A category. To tackle this, the firm revealed that it now provides 10 companies with sustainable energy solutions as part of its effort to bridge the energy gap nationwide. The Acting Managing Director of MPDCL, Oweh Mba-Sam, who disclosed this in Lagos, said working with the 10 companies was the first stage of a…

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H/Reps. orders reversal of electricity tariff hike for Band-A customers

Aminu Imam
H'Reps orders reversal

The House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) and Distribution Companies (DisCos) to immediately reverse the recent electricity tariff hike for Band-A customers. This directive was given yesterday, after the adoption of a report by the House Committee on Power. The report recommended a return to the old tariff, citing the inability of Nigerians to afford the new rate. Recall that the NERC had announced a tariff hike, which would have seen Band-A customers pay N225 per kilowatt. However, the House of Representatives has now resolved…

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Electricity: DisCos hikes tariff again for Band-A consumers; blame high operational costs

Aminu Imam
DisCos tariff hike

…Customers to now pay N209.5/kwh from N206.80/kWh? Distribution Companies (DisCos) yesterday approved an increase in tariffs for better-off consumers who use the most power as mounting frustration plies over services and rising electricity bills. This is the second hike in electricity prices this year, placing a further strain on businesses and industries that rely heavily on power. Acting Managing Director, of Ibadan Electricity Distribution Company Plc, Francis Agoha, stated that the Nigerian Electricity Regulatory Commission (NERC) approved the tariff increase from N206.80/kWh to N209.50/kWh for users in the Band-A category.…

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FG provides ?21bn for 11 DisCos to bridge metering gap

Aminu Imam
DisCos on metering

The Nigerian Electricity Regulatory Commission, (NERC), on Friday, provided N21 billion for 11 electricity distribution companies, (DisCos), to bridge the metering gap. The amount, which will come from the Meter Acquisition Fund, (MAF), would enable the utilities to address the huge metering gap in the Nigerian Electricity Supply Industry, (NESI). According to the breakdown, Ikeja Electric has highest share with N4.36 billion, followed by Abuja DisCo, N2.99 billion; Eko DisCo, N2.92 billion; Ibadan DisCo, N2.51 billion; Enugu DisCo, N1.72 billion; and Benin DisCo, N1.57 billion. Others are Kano DisCo, N1.56…

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FG secures $500m World Bank loan to boost DisCos

Aminu Imam
W'Bank loan

The Federal Government has secured $500million loan from the World Bank to improve electricity Distribution Companies (DisCos) performance. This was disclosed in a press statement issued yesterday by the Bureau of Public Enterprises (BPE)’s Head, Public Communication, Amina Tukur Othman. She said, approved on February 4, 2021, by the World Bank Board of Directors, this funding supports the Nigerian Distribution Sector Recovery Program (DISREP) aimed at improving the financial and technical performance of the DisCos. The Distribution Sector Recovery Programme, (DISREP), said the Head of Public Communications, is designed to…

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Electricity: ‘Most DisCos are insolvent” NERC

Aminu Imam
NERC on DisCos

The Federal Government says that most of the electricity Distribution Companies (DisCos) in Nigeria are technically insolvent, as they are unable to meet their financial and operational obligations. Chairman of the Nigerian Electricity Regulatory Commission, (NERC), Engr. Sanusi Garba, made this known yesterday, while speaking at the 8th Africa Energy Market Place 2024, which was held in Abuja. According to Garba, the DisCos cant pay for invoices sent to them from the electricity market and invest in network expansion projects. He stated that the appalling financial state of the DisCos…

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Electricity tariff hike: NLC, TUC picket DisCos offices nationwide

Aminu Imam
NLC TUC

…Says new tariff capable of destroying Nigeria’s economy Organised Labour, under the umbrella of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) yesterday stormed offices of electricity distribution companies (DisCos) and the Nigeria Electricity Regulatory Commission (NERC) nationwide to protest against the recent hike in electricity tariff. NLC President, Joe Ajaero, who led the protest at NERC s headquarters in Abuja, said Nigerians are currently wallowing in power poverty, given the abysmal low supply of electricity. Recall that the NLC, TUC and their affiliates, vowed to ground…

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