Latest news on power sector in nigeria
Here are some of the latest news on the power sector in Nigeria:
- Nigeria's Power Generation Reaches 4,000MW: The Nigerian Electricity Regulatory Commission (NERC) has announced that the country's power generation has reached 4,000 megawatts (MW), a significant increase from the 3,500MW recorded in 2020. (Source: Vanguard)
- 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 three years to improve electricity supply and reduce the country's reliance on generators. (Source: ThisDay)
- Nigeria's Power Distribution Companies (DISCOs) to Pay N1.2 Trillion to GenCos: The NERC has ordered the 11 DISCOs to pay N1.2 trillion to the generation companies (GenCos) for the electricity they have generated but not distributed to consumers. (Source: The Nation)
- FG to Establish 10,000MW Solar Power Plants: The Federal Government has announced plans to establish 10,000MW solar power plants across the country to reduce the country's reliance on fossil fuels and improve electricity supply. (Source: Leadership)
- Nigeria's Power Sector Loses N1.3 Trillion Annually: A report by the NERC has revealed that the power sector loses N1.3 trillion annually due to inefficiencies and lack of investment. (Source: Daily Trust)
- FG to Implement New Tariff Regime for Electricity Consumers: The Federal Government has announced plans to implement a new tariff regime for electricity consumers, which is expected to lead to an increase in electricity prices. (Source: Punch)
- Nigeria's Power Generation Capacity to Increase by 1,000MW: The Federal Government has announced plans to increase the country's power generation capacity by 1,000MW through the construction of new power plants and the upgrade of existing ones. (Source: The Guardian)
- FG to Provide N100 Billion to DISCOs to Improve Electricity Supply: The Federal Government has announced plans to provide N100 billion to the DISCOs to improve electricity supply and reduce the country's reliance on generators. (Source: Premium Times)
- Nigeria's Power Sector to Receive $1.5 Billion Investment: The African Development Bank (AfDB) has announced plans to invest $1.5 billion in the Nigerian power sector to improve electricity supply and reduce the country's reliance on fossil fuels. (Source: BusinessDay)
- FG to Establish Power Holding Company of Nigeria (PHCN) to Oversee Power Sector: The Federal Government has announced plans to establish the PHCN to oversee the power sector and ensure that electricity is distributed efficiently and effectively. (Source: The Nation)
These are some of the latest news on the power sector in Nigeria. The country is making efforts to improve its power sector, but there are still many challenges that need to be addressed to ensure a stable and reliable electricity supply.