KEY POINTS The Federal Government has announced that ongoing reforms in Nigeria’s power sector have attracted about $2 billion in fresh investments while reducing sector liabilities to approximately N146 billion. …
power sector
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Energy TransitionIn the NewsMarkets
Power Sector Debt Crisis Deepens as Adelabu Assures Nigerians of Imminent Electricity Stability
KEY POINTS Nigeria’s Minister of Power, Adebayo Adelabu, has assured citizens that improvements in electricity supply are on the horizon, despite the ongoing crisis crippling the sector. Speaking in a …
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In the NewsMarkets
Nigeria Raises ₦501bn in Fully Subscribed Power Sector Bond to Clear Legacy GenCos’ Debts
KEY POINTS The Federal Government of Nigeria has successfully raised ₦501 billion through its inaugural power sector bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP), achieving 100 per …
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Energy TransitionIn the News
Nigeria Strikes ₦4 Trillion Deal to Settle Power Sector Debts and Reignite Investor Confidence
KEY POINTS Nigeria’s Federal Government has sealed a landmark agreement with power generation companies, GenCos, and gas suppliers to clear outstanding debts worth about ₦4 trillion, marking one of the …
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KEY POINTS South Africa’s fight to provide reliable, affordable electricity is getting harder because of structural problems and bad municipal tariffs. These issues are making people lose faith in the …
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U.S. Mauritania ink $27 million deal to modernize power, boost climate resilience, and drive sustainable development.
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In a move that has sent shockwaves through the nation, Nigeria’s electricity regulator has approved a significant increase in tariffs for the country’s higher-consuming customers. This decision comes as the …
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Energy TransitionIn the News
Kano DisCo’s Green Revolution: How $200m Investment Will Power 25 Million Nigerians
Kano Electricity Distribution Company (Kano DisCo) has announced an ambitious plan to upgrade its infrastructure and revolutionize electricity distribution for an estimated 25 million Nigerians in Kano, Katsina, and Jigawa …
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The Federal Government called for additional time to address the country’s ongoing electricity issues as 17 generation and distribution licenses stand for either renewal or revocation tomorrow. This mirrors past …
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The necessity for an electricity subsidy in Nigeria comes into sharp focus as the Association of Electricity Distributors of Nigeria (ANED) stresses its indispensability for affordable power. ANED emphasizes that …