ELECTRICITY Archives - Voice of Liberty NG

W’Bank warns of fiscal strain, as FG rolls out ₦4tr power bond

April 10, 2026April 10, 2026 Aminu Imam

The World Bank has raised concerns over the Federal Government’s ambitious ₦4 trillion bond programme aimed at settling longstanding debts in Nigeria’s power sector, warning that the initiative could create significant fiscal risks if not carefully integrated into national budget frameworks. The global lender noted that while the bond programme provides short-term liquidity relief to power generation companies (GenCos) and gas suppliers, it effectively converts decades-old arrears into formal sovereign debt obligations that must be fully accounted for in government finances. The programme, launched under the Presidential Power Sector Debt…

Electricity: Tinubu approves ₦3.3tr debt settlement plan to restore reliable supply

April 7, 2026April 7, 2026 Aminu Imam

President Bola Tinubu has approved a sweeping ₦3.3 trillion debt settlement plan for Nigeria’s power sector, as the Federal Government simultaneously ramps-up investment in renewable mini-grids with a fresh ₦9 billion disbursement to boost electricity access across underserved communities. The twin interventions, announced over the weekend, form part of a broader strategy to stabilise the country’s fragile electricity supply, restore investor confidence, and expand access to reliable power. In a statement by presidential spokesman Bayo Onanuga, the government said the ₦3.3 trillion approval represents a “full and final settlement” of…

₦40tr bleed: Nigeria’s power crisis deepens, as Aso Villa goes solar

March 28, 2026March 28, 2026 Aminu Imam

Nigeria’s deepening electricity crisis has come under renewed scrutiny, with fresh revelations that the country loses an estimated ₦40 trillion annually to unreliable power supply, even as national grid output struggles below 4,000 megawatts (MWs) and the Presidential Villa turns to solar energy for stability. A report by the Nigerian Independent System Operator (NISO) paints a grim picture of the sector’s economic toll, estimating losses at about $29 billion (₦40.1 trillion) each year due to chronic outages. The agency warned that erratic electricity supply continues to stifle economic growth, weaken…

Power crisis deepens, as DisCos lose ₦2.4tr

March 24, 2026March 24, 2026 Aminu Imam

…Blackouts worsen in North Nigeria’s electricity crisis has worsened, with Distribution Companies (DisCos) recording a combined loss of ₦2.349 trillion in two years due to billing inefficiencies and poor revenue collection, further straining the Nigerian Electricity Supply Industry. Data from the Nigerian Electricity Regulatory Commission (NERC) shows losses rose from ₦1.015 trillion in 2024 to ₦1.334 trillion in 2025, bringing cumulative losses for the two-year period to ₦2.349 trillion, driven by weak billing systems and collection challenges. The liquidity crisis has contributed to declining power generation, with output dropping from…

FG raises ₦501bn to clear power debts

February 3, 2026February 3, 2026 Aminu Imam

…Signals reset of electricity market The Federal Government has raised ₦501 billion in a fully-subscribed inaugural power sector bond, marking President Bola Tinubu’s most decisive move yet to resolve decade-long payment arrears that have crippled electricity generation and investment. Issued under the Presidential Power-Sector Debt Reduction Programme (PPSDRP), the Series-1 bond combines ₦300 billion raised from the capital market, with ₦201 billion allotted to power generation companies (GenCos). The proceeds will fund about half of verified debts owed for electricity supplied between February 2015 and March 2025, officials said at…

Power supply disrupted nationwide, as national grid collapses again

January 28, 2026January 28, 2026 Aminu Imam

For the second time in four days – and this new year – the national power grid has crashed. The power generation dropped to just 39 megawatts (MW) at 11a.m. yesterday, down from 3,825 MW an hour earlier. Recall that last Friday, power generation fell to zero megawatts on the grid, according to the Nigerian Independent System Operator (NISO), cutting-off supply to all 11 distribution companies (DisCos) by 1 p.m that day. Power generation had peaked at 4,762 MW as of 6 a.m yesterday, five hours before the latest development.…

Electricity debt hits ₦6.5tr, jeopardising FG’s ₦1.2tr bond

January 20, 2026January 20, 2026 Aminu Imam

Nigeria’s power sector debt surged 62.5% to ₦6.5 trillion in 2025, while electricity generating companies (GenCos) received just 35% of billed ₦1.53tr, worsening the liquidity crisis. Experts warn the FG’s ₦1.23tr power bond is risky due to poor electricity distribution companies (DisCos) collections and unbacked subsidies, threatening investment and power supply growth. Recall that the Government had flagged off the funding program through the issuance of ₦590 billion Series-1 Power Sector Bond in mid-December 2025, as part of a plan to raise ₦1.23 trillion by the end of the first quarter…

FG to launch electricity subsidy for poor Nigerians

October 31, 2025October 31, 2025 Aminu Imam

The Federal Government has stated that a targeted electricity subsidy is being developed to protect vulnerable households while ensuring the long-term commercial viability of the industry. Minister of Works, Adebayo Adelabu, who made the disclosure at the Nigeria Energy Forum in Lagos, stated that the Government will also introduce a minimum capital adequacy requirement for distribution companies (DisCos) during their license renewal process, to strengthen liquidity and improve service delivery. The Minister also disclosed that Nigeria has commenced export of locally produced solar panels to Ghana, signalling the country’s readiness…

Nationwide blackout looms, as electricity workers down tools

September 26, 2025September 26, 2025 Aminu Imam

Electricity consumers relying on the national grid may face a prolonged blackout within hours, as the National Union of Electricity Employees, (NUEE), on Wednesday began a nationwide strike over unresolved labour disputes with the Transmission Company of Nigeria, (TCN). The union, in a circular signed by its Acting General Secretary, Dominic Igwebike, directed its members across the country to withdraw their services indefinitely until management addresses long-standing welfare and operational concerns. According to NUEE, the strike became inevitable after the expiration of an ultimatum issued to TCN, accusing the company…

Power outage killing patients: Kano Teaching Hospital begs KEDCO to restore electricity

September 16, 2025September 16, 2025 Aminu Imam

The management of Aminu Kano Teaching Hospital (AKTH) has urged the Kano Electricity Distribution Company (KEDCO) to immediately restore electricity supply to the facility. The management of the hospital made the advocacy in an issued statement, signed by the AKTH’s Head of Information Unit, Hauwa Inuwa Dutse. The appeal is coming shortly after some patients on life support reportedly died due to long hours of power outages. The hospital expressed deep concern over the tragic loss of lives, describing it as avoidable had power been sustained. It lamented that the…