Tag: Electricity
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Rural Electrification Agency (REA) has announced that many rural communities in Nigeria now have stable electricity from completed mini-grid projects, with some residents paying higher tariffs than Band A customers—up to N250 or N280—depending on infrastructure costs. Managing Director Abba Aliyu explained that the tariff varies based on the infrastructure deployed and that rural residents…
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Report says Federal Government may re-privatize the 11 electricity distribution companies (Discos) if the Electricity Act (Amendment) Bill, 2025, is passed, as it aims to address poor performance and a N4tn debt crisis in the sector. Sponsored by Senator Enyinnaya Abaribe, the bill, which has passed its second reading, empowers the Nigerian Electricity Regulatory…
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Nigerian government’s electricity tariff subsidy has increased from N610 billion in 2023 to N1.94 trillion in 2024—a 219.67% increase—despite a tariff hike in April 2024. This rise is linked to the naira devaluation and removal of fuel subsidies, which caused high inflation. Recall In 2024, the government paid only a tiny fraction (about 0.019%) of…
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President of the Dangote Group, Aliko Dangote has criticized Nigeria’s low power generation of 4,500–5,000 MW, arguing that the country should aim for 50,000–60,000 MW. Speaking during a tour of the Dangote Refinery in Lagos, he noted that his conglomerate alone generates over 1,500 MW for internal use, demonstrating the potential for large-scale power…
