The Federal Government on Wednesday threatened to revoke the licences of power distribution companies (DisCos) over the incessant power shortage nationwide. The Minister of Power, Adebayo Adelabu, in a statement pointed out that government was concerned about the lingering inadequate electricity distribution by the Discos, especially when the power generation companies (GenCos) had recently increased […]
Despite complaints by electricity consumers against the inadequacies of the electricity metering processes nationwide, the Federal Government on Thursday raised the cost of acquiring both single-phase and three-phase electricity meters effective from Monday, November 15, 2021. The upward review of the meter prices was conveyed in a circular dated November 11, 2021, issued by the […]
The Federal Government on Tuesday said it was doing everything possible to increase the nation’s power generation level by 2,000 megawatts from the current 7,000mw to 9,000 megawatts between now and the end of the year. The Minister of Information and Culture, Alhaji Lai Mohammed, gave this hint when he appeared on a News Agency […]
Despite sustained directives by the Federal Government to the 11 power distribution companies (DisCos) to bridge the meter supply gap in the power sector through new investments, latest report by the industry regulators indicate that there exists 58 percent gap in the industry demands. The latest report by the Nigerian Electricity Regulatory Commission on the […]
The electricity distribution companies (Discos) on Tuesday said that current efforts to achieve a stable, uninterrupted electricity in the country was not feasible in the immediate term, predicting that such a feat could be achieved in five years time. The power sector entities hinged their position on the prospects of improved electricity on the current […]