Latest news on power supply in nigeria

Here are some of the latest news on power supply in Nigeria:

Recent Developments:

  1. Nigeria's Power Generation Reaches 4,600MW: The Nigerian Electricity Regulatory Commission (NERC) has announced that the country's power generation has reached 4,600 megawatts (MW), a significant increase from the 3,500MW recorded in 2020. (Source: Vanguard)
  2. TCN Completes 330kV Transmission Line: The Transmission Company of Nigeria (TCN) has completed the construction of a 330kV transmission line from the Alaoji Power Plant to the Osogbo Substation, which is expected to improve power supply in the Southwestern region. (Source: ThisDay)
  3. FG Launches National Power Grid Upgrade: The Federal Government has launched a national power grid upgrade project aimed at increasing power transmission capacity from 7,000MW to 15,000MW by 2025. The project is expected to improve power supply and reduce transmission losses. (Source: Premium Times)
  4. Nigeria's Power Sector Records N1.3trn Loss: The Nigerian power sector has recorded a loss of N1.3 trillion in 2020, according to a report by the National Bureau of Statistics (NBS). The report attributed the loss to high operational costs, low electricity tariffs, and inadequate funding. (Source: The Guardian)
  5. Discos to Implement New Tariff Regime: The 11 Distribution Companies (Discos) in Nigeria have been directed by NERC to implement a new tariff regime, which is expected to increase electricity tariffs for consumers. The new tariff regime is aimed at encouraging investment in the power sector. (Source: Leadership)

Challenges:

  1. Power Outages Continue to Plague Nigeria: Despite the increase in power generation, power outages continue to plague Nigeria, with many consumers experiencing regular blackouts. (Source: Punch)
  2. Inadequate Funding: The power sector in Nigeria continues to face funding challenges, which has hindered the implementation of key projects aimed at improving power supply. (Source: BusinessDay)
  3. Transmission Line Vandalism: The vandalism of transmission lines and equipment remains a major challenge in Nigeria's power sector, leading to frequent power outages and losses. (Source: Daily Trust)
  4. Lack of Maintenance: The lack of maintenance of power infrastructure is another challenge facing the sector, which has led to a decline in power generation and transmission capacity. (Source: The Nation)

Opportunities:

  1. Renewable Energy: Nigeria has the potential to generate significant amounts of renewable energy, particularly from solar and wind power. The government has set a target of generating 30% of its power from renewable sources by 2030. (Source: Bloomberg)
  2. Private Sector Investment: The Nigerian government is encouraging private sector investment in the power sector, which is expected to improve power supply and reduce the country's reliance on public funding. (Source: ThisDay)
  3. Grid Expansion: The expansion of the national grid is expected to improve power supply and reduce transmission losses. The government has plans to expand the grid to 15,000MW by 2025. (Source: Premium Times)

These are some of the latest news on power supply in Nigeria. The country continues to face challenges in its power sector, but there are also opportunities for growth and development.