Power sector news in nigeria

Here are some recent power sector news in Nigeria:

1. NERC Approves 20% Increase in Electricity Tariff: The Nigerian Electricity Regulatory Commission (NERC) has approved a 20% increase in electricity tariff for consumers, effective from February 2023. The increase is aimed at addressing the financial challenges facing the power sector. (Source: Vanguard)

2. FG to Invest N2.5 Trillion in Power Sector: The Federal Government has announced plans to invest N2.5 trillion in the power sector over the next five years to increase electricity generation and distribution. The investment is expected to create jobs and stimulate economic growth. (Source: ThisDay)

3. Nigeria's Power Generation Reaches 4,000MW: Nigeria's power generation has reached 4,000 megawatts (MW), according to the Transmission Company of Nigeria (TCN). The achievement is a significant milestone in the country's power sector reform efforts. (Source: Punch)

4. Siemens to Invest $15 Billion in Nigeria's Power Sector: German conglomerate Siemens has announced plans to invest $15 billion in Nigeria's power sector over the next five years. The investment is expected to increase electricity generation and distribution in the country. (Source: Premium Times)

5. NERC Introduces New Tariff Regime for Electricity Consumers: NERC has introduced a new tariff regime for electricity consumers, which is designed to encourage metering and reduce estimated billing. The new regime is expected to reduce the financial burden on electricity consumers. (Source: Leadership)

6. FG to Establish 10,000MW Power Plant in Nigeria: The Federal Government has announced plans to establish a 10,000MW power plant in Nigeria, which is expected to increase electricity generation and distribution in the country. The project is expected to be completed in 2025. (Source: Daily Trust)

7. Nigeria's Power Sector Loses N1.3 Trillion Annually: Nigeria's power sector loses N1.3 trillion annually due to inefficiencies and lack of investment, according to a report by the National Bureau of Statistics (NBS). The report highlights the need for urgent reforms in the power sector. (Source: The Guardian)

8. TCN Completes 330KV Transmission Line in Lagos: TCN has completed the construction of a 330KV transmission line in Lagos, which is expected to increase electricity distribution in the state. The project is part of the government's efforts to improve the power sector. (Source: Vanguard)

9. Nigeria's Power Sector Needs N10 Trillion Investment: Nigeria's power sector needs an investment of N10 trillion over the next five years to achieve its electricity generation and distribution targets, according to a report by the African Development Bank (AfDB). The report highlights the need for private sector investment in the power sector. (Source: ThisDay)

10. FG to Establish Power Holding Company of Nigeria (PHCN) successor companies: The Federal Government has announced plans to establish successor companies to the Power Holding Company of Nigeria (PHCN), which is expected to improve the efficiency and effectiveness of the power sector. (Source: Daily Trust)

These are some of the recent power sector news in Nigeria. The power sector is a critical sector in the country's economy, and these developments are expected to have a significant impact on the sector's growth and development.