Tag: Electricity
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Imo State Commissioner for Power and Electrification, Engr. Nwabueze Oguchienti, has clarified and provided further insight into the state government’s plan for a 24-hour power supply across Imo. Speaking during an exclusive interview on Toast 90.3 FM to mark World Energy Day, Engr. Oguchienti reaffirmed that several power projects are currently ongoing in different parts…
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World Bank has emphasized that affordable and reliable electricity is crucial for Africa’s economic growth, job creation, and poverty reduction. Despite global progress over 150 years, about 600 million Africans lack access to power, with unreliable supply causing business disruptions and reducing employment by up to 14%. They explained Improved energy access can boost…
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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…
