Budgeting Latest News Planning & Economic Development Power/Electricity Technology

NEMSA Assures Consumers Of Tariff Units’ Safety During Meter Upgrade

The Nigerian Electricity Management Services Agency (NEMSA) has assured electricity consumers using pre-paid meters that units already purchased will not be lost during the imminent upgrade of their meters nationwide. The Head Communication and Protocol Unit, Mrs. Ama Umoren, in a statement on Sunday attributed the assurance to the Managing Director of NEMSA, Mr. Tukur […]

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Why Metering Gap Subsists In Nigeria’s Power Sector – EMRC

The Energy Markets Rates and Consultants (EMRC), a team of independent consultants providing energy market, regulatory, techno-economic and financing advice for electricity, renewables and gas sector,   has adduced several reasons for the subsisting metering gap in Nigeria, despite efforts by the government and its partners to close the gap through the National Mass Metering Programme […]

Budgeting Latest News Planning & Economic Development Power/Electricity Technology

NERC Sets 48 Hours Timeline For Discos To Fix Faulty Meters

The Nigerian Electricity Regulatory Commission (NERC) has said that electricity customers with faulty meters have the right to have it fixed within two working days by their electricity distribution companies (DisCos). The commission’s General Manager, Finance and Management Services, Dr. Abdulkadir Shettima, made this disclosure in his paper presentation on Metering Issues at a recent […]

Budgeting Latest News Planning & Economic Development Political Economy Power/Electricity Revenue Technology

NDPHC Hands Over $1.2Bn Power Assets To Discos

The Niger Delta Power Holding Company Limited (NDPHC), has disclosed that it spent over $1.2 billion in the projects and handed over them to the DisCos, with an understanding that the money would be refunded by the Discos. The company stated that the handed-over projects to the DisCos were part of the over 374 projects […]

Budgeting Latest News Planning & Economic Development Power/Electricity Revenue Technology

FG Spends N2.8Trn On Electricity Subsidy In 7 Years – NERC

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that the Federal Government subsidized electricity consumption by Nigerians with N2.8 trillion from 2015 to 2022. The commission gave these figures in its July 2023 report titled ‘Overview of the Nigeria Electricity Supply Industry’. According to the NERC the subsidy payment for the first months of this […]

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Tinubu Signs Electricity Bill, De-monopolizes Market

President Bola Tinubu has signed the Electricity Bill, which was passed in July 2022, to repeal the Electricity and Power Sector Reform Act 2005. A source at the Presidential Villa, Abuja who gave this hint on Friday, said that the newly enacted Electricity Act would consolidate all legislations on the electricity supply industry by providing […]

Budgeting Infrastructure & Capital Projects Latest News Planning & Economic Development Power/Electricity

Ibadan, Lagos, Abuja Discos Lead In Meter Distribution – NERC

The Nigerian Electricity Regulatory Commission (NERC) has reported that Ibadan Electricity Distribution Company (IBEDC) topped the metering distribution chart as of June 30, 2022 with 828,061 metered customers, representing a 38.67% performance during the period under review It also disclosed that Ibadan DisCo was followed by the Ikeja DisCo, which recorded 686,705 metered customers with a […]

Infrastructure & Capital Projects Latest News Planning & Economic Development Power/Electricity Revenue Technology

Enugu DisCo To Commence 2023 Meter Mapping For Anambra Customers

The Enugu Electricity Distribution Company (EEDC) on Thursday hinted of its plans to flag off the 2023 mobile mapping process for mass metering in Anambra on January 10 as part of its efforts to supply prepaid meters to un-metered customers in the state. The DisCo’s Head of Corporate Communications Department, Mr Emeka Ezeh, stated the […]

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Makurdi Hydro Power Plant Will Mitigate Power Supply Problem – Minister

The Minister of Power, Engr. Abubakar Aliyu, has disclosed that the completion of the  1,650mw Makurdi Hydro Power Plant (MHPP)  will not only address the energy shortfall in the country, but also mitigate flooding. The minister made this remark at the inauguration of the Project Steering Committee (PSC) for the concession of the Power Plant on Monday, […]

Budgeting Economy News Extra Latest News Planning & Economic Development Power/Electricity

Nigeria’s Generated Electricity Dips To 8.6M MWh In Q3 2021 – NERC

The Nigerian Electricity Regulatory Commission (NERC) on Tuesday reported that total electricity generated in the country by the power generation plants in the third quarter of 2021 stood at 8.693 million Megawatts-hour (MWh), down from the quantum of generated electricity in the previous quarter. The commission gave this figure in its Third Quarter Report 2021 […]