Nigerians will begin to pay more for electricity following a tariff hike announced by the government's regulatory body on Wednesday. Effective immediately, the Nigerian Electricity Regulatory Commission has implemented an upward adjustment in electricity tariffs across the West African nation, said Musiliu Oseni, the head of the commission, during a press briefing in the capital … Continue reading Nigerians to pay higher electricity tariffs
Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike to “widely publish copies of the loan agreements and spending details of some N5.9 trillion and $4.6 billion loans obtained by their states and the FCT, including details and locations of … Continue reading SERAP Gives 36 Governors & Wike 7 Days to Account For ₦5.9trn, $4.6bn Loans
The Minister of Power, Adebayo Adelabu, has declared that the country can no longer continue to subsidise electricity. According to the minister, Nigeria must begin to move towards a cost-effective tariff model, adding that the country is currently indebted to the tune of 1.3 trillion naira to generating companies (GenCos) and 1.3 billion dollars owed … Continue reading Nigeria can no longer subsidize electricity
Another national grid collapse in Nigeria has resulted to blackout nationwide. The Abuja Electricity Distribution Company, AEDC, in a statement posted on its X account said power outage being experienced in its franchise areas is as a result of a system failure from the national grid at 11:21 hours on Sunday. “The Management of Abuja … Continue reading Nigerians thrown into darkness as national grid collapses again
Photo by Pixabay on Pexels.com There are mounting concerns as Nigeria’s power decade privatisation process is expected to elapse on October 31, 2023. It has become more problematic following the decades-long crisis within Nigeria’s power sector. For over 62 years, the country’s electricity value chain, from distribution to generation and transmission, has been bedevilled with … Continue reading Mixed reactions in Nigeria after power sector privatization deal expires
Russia's President Vladimir Putin and Burkina Faso's interim President Ibrahim Traore meet following the Russia-Africa summit in Saint Petersburg, Russia, July 29, 2023. Alexander Ryumin/TASS Host Photo Agency via REUTERS In a landmark move geared towards improving its energy landscape, Burkina Faso's military leaders have signed a deal with Russia to build a nuclear power … Continue reading Russia and Burkina Faso Forge New Energy Partnership, Plan to Build More Nuclear Plants in West Africa
Photo by Pixabay on Pexels.com The United Nations' call for Africa to lead the transition to renewable energy appears to have found no traction as nations across Africa are reluctant to abandon the use of fossil fuels, experts say. Africa remains heavily reliant on natural gas, oil, coal, and charcoal, with low progress in adopting … Continue reading UN call for transition to green energy finds no traction in Africa
Former lawmaker, Shehu Sani has urged President Bola Tinubu not to weaponize electricity supply against Niger Republic in handling the leadership crisis in the West African country. According to Sani, the President should be careful not to be the new apprentice of French neo-Colonialism in the Economic Community of West African States, ECOWAS, sub-region. In … Continue reading Shehu Sani advises Tinubu against weaponizing electricity
South Africa’s minister in charge of electricity apologized on Monday for the recent increase in power outages in the country, which is currently in the winter season. “I want to express our most sincere and profuse apologies for having taken you through intensive stages of load shedding (planned power cuts),” Kgosientsho Ramokgopa said on television … Continue reading SA minister responds to electricity issues, apologizes for low performance
South Africa’s electricity crisis is costing the economy as much as R899 million per day, according to central bank estimates. Rolling blackouts of about 6 to 12 hours a day, or so-called stage 3 and stage 6 outages, detract between R204 million and R899 million from the economy daily, the South African Reserve Bank … Continue reading Ramaphosa to deliver speech on South Africa’s electricity crisis
Ukraine announced on Friday "unprecedented" power cuts affecting a total of four million people, especially in the Kyiv region, as Ukrainian energy facilities have been heavily damaged by numerous Russian strikes in recent weeks. "In many cities and districts of our country, power cuts have been introduced to stabilise the situation," President Zelenskyy said in … Continue reading 4 Million affected by power blackouts – Zelenskyy
Nigeria is undergoing economic recession. But despite the inspiring short and long-term economic forecasts, the nation has a number of power supply challenges, many of which can be solved with renewable energy. SASOL power Station in Secunda, Mpumalanga. PHOTO: ANTONIO MUCHAVE/16/04/2013/SOWETAN First among the sustainable energy options is hydropower. However, the major problem with hydropower … Continue reading Power is Vital for Economic Development in Nigeria
The Federal Government of Nigeria would have to pay electricity suppliers an estimated ₦120billion to provide Nigerians free electricity for two months, media reports confirm. According to data from the Nigerian Electricity Regulatory Commission, (NERC), during the third quarter of 2019, a total invoice of ₦179.66billion was issued to the eleven (11) DisCos for energy … Continue reading Nigerian govt to offer free electricity for 3 months
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