Tag: POWER

Tinubu slashes Power GenCos’ bill from ₦6tr to ₦2.8tr

Aminu Imam
Tinubu slashes Power GenCos’ bill

President Bola Tinubu has approved the payment of N2.8trillion to power generation companies (GenCos) as the Federal Government’s verified liability for accumulated electricity subsidies dating back to 201. This was as he rejected the ₦6trillion claim submitted by the operators, insisting he will not pay a Naira beyond the audited figure, according to highly-placed officials in the Presidency and the Federal Ministry of Power with direct knowledge of the negotiations at the weekend. The approval followed months of negotiations and a tripartite audit involving the Ministry of Finance, the Nigerian…

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FG secures $1.1bn AfDB loan to power 5m Africans by 2026

Aminu Imam
FG secures AfDB loan

The Federal Government has secured a $1.1 billion loan, (approximately ₦1.71trillion) from the African Development Bank (AfDB) for the provision of electricity for 5 million Africans by the end of 2026. According to President Bola Tinubu’s Special Adviser to the President, (Information & Strategy), the President made this known in a speech presented by Minister of Power, Adebayo Adelabu, at the just-concluded two-day ‘Mission 300 Africa Energy Summit’, which was held in Dar-es-Salaam, Tanzania. Tinubu also stated that the AfDB’s $200 million in the Nigeria Electrification Project will provide electricity…

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Ɗangote, over 200 firms abandon national grid amid persistent failures

Aminu Imam
Ɗangote on National Grid2

Major companies in Nigeria, including Ɗangote Industries,  Nigerian National Petroleum Company Limited (NNPCL), and Total, have abandoned the national power grid due to persistent outages.  Over 250 firms and institutions now generate their electricity through captive power plants, producing over 6,500 megawatts (MW) -surpassing the grid’s 4,500-5,000 MW capacity. Recall that the national grid has suffered 12 collapses in 2024 alone, blamed on aging infrastructure, vandalism, and poor investment. Despite Government efforts, including investigative panels, power disruptions continue to hinder businesses and essential services. Ɗangote Industries leads the shift, with…

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Southern Govs. plan 90,000MW power; want States to negotiate new minimum wage

Aminu Imam
Southern Govs Forum

The Southern Governors Forum, the umbrella body for 17 governors from the three geo-political zones of South-West, South-East and South-South, has planned generating 90,000 MW of electricity to cater for the power needs of 90 million residents of the region The Forum said it is embarking on this project using the rule of thumb of 1,000 MW per 1 million population to arrive at its 90,000MW target. The member States have therefore been encouraged to take advantage of the recent Constitutional amendment that now allows states to regulate, generate, transmit…

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Lingering ?Power Outages: Nigerians express frustration, demand speedy resolution

Aminu Imam
Power Outages

?Small business operators and residents in parts of the country have continued to decry the almost total power outage in their area, which has almost paralysed business activities. The development, they said, had impacted negatively on both their economic and social lives. According to them, they can no longer make ends meet as it has become difficult for them to cater to their families needs. The power outage, which cuts across almost all of the country, has lingered for over two months. The story is the same from Kaduna, Jigawa,…

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TCN announces full restoration of National Grid

Aminu Imam
TCN

The Transmission Company of Nigeria (TCN) announced the full restoration of the national grid following a fire incident at the Afam power generating station, which caused a partial disturbance of the National Grid. The TCN said, “At 02:41hrs today, 15th April 2024, a fire erupted at the Afam V 330kV bus bar coupler, leading to the tripping of units at Afam III and Afam VI. This resulted in a sudden generation loss of 25MW and 305MW respectively, destabilizing the grid and causing a partial collapse”. According to the General Manager,…

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Electricity tariff hike: Group to monitor October consumers’ bills to ensure no increment

Aminu Imam

A group, the All Electricity Consumers Protection Forum, (AECPF), says it will monitor the bills of customers for the month of October to ensure that there is no increment by electricity Distribution Companies (DisCos). The group made this known in a letter to the Nigerian Electricity Regulatory Commission (NERC), yesterday, in Lagos. The letter, which was signed by its National Coordinator, Adeola Samuel-Ilori, said electricity consumer groups were vehemently against any form of increment in tariffs by the DisCos. Samuel-Ilori noted that the group would continue to maintain vigilance even…

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Nationwide blackout imminent as electricity workers threaten to resume strike

Aminu Imam

A nationwide blackout is imminent as electricity workers, under the aegis of National Union of Electricity Employees, (NUEE), have vowed to down tool if the demand by the organised labour against the alleged plan to sell Transmission Company of Nigeria, (TCN), to some investors is not halted. The NUEE, according to its  General Secretary, Comrade Joe Ajaero, vowed to embark on the suspended nationwide protest if the government continued with the plan of selling the TCN, also appealed to the National Assembly and Nigerians to resist the push for the…

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FG will achieve 5 million homes solar system target Osinbajo

Aminu Imam

Vice President, Professor Yemi Osinbajo, has reassured that President Muhammadu Buharis administration would provide electricity to 25 million Nigerians through off-grid connections to 5 million homes. Prof. Osinbajo, who spoke at the launch of 100,000 Solar home system in Jangefe community, Kazuare Emirate in Jigawa State, said the government was determined to bring power to the un-served communities across the country. The Vice-President speaking further, applauded the management of the Niger Delta Power Holding Company Ltd., (NDPHC), for playing a leading role in the Federal Governments plan to provide electricity…

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Nigeria breaks transmission record again, hitting 5,801.60 MW – TCN

Aminu Imam

The Transmission Company of Nigeria, (TCN), has announced another record, as grid transmission hits a peak of 5801.60 MW. This was disclosed by the Minister of Power, Engr. Sale Mamman, in a statement on Tuesday evening. Back-to-Back Peak Transmission, yesterday, 1st of March at 9:30 pm, we hit a new HIGH,, his tweet stated. He added that 5801.60 MW transmitted at a frequency of 50.09 hz. Next Level heights for the Power Sector. Kudos to all at the TCN & MoP striving towards stable energy for Nigerians, he added. Recall…

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