Current news on n power nigeria

Here are some current news updates on the Nigerian Power sector:

Recent Developments:

  1. Nigeria's Power Generation Reaches 4,000MW: The Nigerian power sector has recorded a significant milestone, with the country's power generation capacity reaching 4,000 megawatts (MW) for the first time in history. This achievement is attributed to the efforts of the Transmission Company of Nigeria (TCN) and the Nigerian Electricity Regulatory Commission (NERC). (Source: Vanguard)
  2. FG Launches 2,000MW Solar Power Project: The Federal Government has launched a 2,000MW solar power project in Jigawa State, which is expected to increase the country's power generation capacity and reduce reliance on fossil fuels. The project is being implemented by the Nigerian National Petroleum Corporation (NNPC) and the Rural Electrification Agency (REA). (Source: ThisDay)
  3. TCN Completes 330kV Transmission Line: The Transmission Company of Nigeria (TCN) has completed the construction of a 330kV transmission line in Abuja, which is expected to improve power supply to the nation's capital. The project was executed at a cost of N12.5 billion. (Source: Leadership)
  4. NERC Approves 20% Tariff Hike: The Nigerian Electricity Regulatory Commission (NERC) has approved a 20% tariff hike for electricity consumers in the country. The new tariff is expected to take effect from January 2023. (Source: Punch)
  5. FG to Invest N1.5 Trillion in Power Sector: The Federal Government has announced plans to invest N1.5 trillion in the power sector over the next five years. The investment is expected to improve power generation, transmission, and distribution in the country. (Source: Daily Trust)

Challenges:

  1. Power Outages Continue to Plague Nigeria: Despite the recent increase in power generation, power outages continue to plague Nigeria, with many consumers experiencing regular blackouts. The Nigerian Electricity Regulatory Commission (NERC) has attributed the outages to technical issues and inadequate infrastructure. (Source: Premium Times)
  2. Insecurity Threatens Power Infrastructure: Insecurity in some parts of the country is threatening the country's power infrastructure, with many transmission lines and substations being vandalized or destroyed. The Nigerian Electricity Regulatory Commission (NERC) has called on the government to take urgent action to address the issue. (Source: The Nation)
  3. Lack of Funding Hinders Power Sector Development: The Nigerian power sector is facing a funding crisis, with many projects being delayed or abandoned due to lack of funds. The Federal Government has been urged to provide more funding to support the development of the sector. (Source: BusinessDay)

These are some of the current news updates on the Nigerian Power sector. I hope this information is helpful!