Households, firms to pay more for electricity from July – FG
Businessam Staff
June 16, 2020
Effective from July this year, electricity consumers in the country will start paying more for the service. Sale Mamman, power minister, told the senate on Tuesday the Federal Government told the Senate Tuesday that the infrastructural deficit in the power sector could only be fixed when the electricity companies have enough money to invest in […]
6.46 million on estimated billing face meter price hike
Businessam StaffJune 10, 2020
A total of 6,456,275 electricity users in Nigeria have not been metered and will have to pay a newly approved increased fee when purchasing meters. Latest figures on the number of metered electricity customers obtained from the Nigerian Electricity Regulatory Commission showed that only 37.77 per cent registered electricity customers had been metered. The 37.77 […]
Power distributors sue FG over business interference
Businessam StaffMay 29, 2020
Electricity distribution companies have dragged the federal government to court to restrain it from further interfering in the corporate business activities of the power firms. According to the firms, the government, through the Nigerian Electricity Regulatory Commission and other agencies, had been interfering in the corporate activities of the Discos, a development, they claimed, had […]
Nigerians will pay higher electricity tariffs, FG promises IMF
Businessam StaffMay 5, 2020
Nigerians will pay much higher tariff for power in 2021, going by promises made by the federal government to the International Monetary Fund while seeking the $3.4bn emergency financial assistance recently approved for Nigeria. The executive board of the IMF approved the Rapid Financing Instrument, which the Federal Government plans to use to address the […]
Eight power plants idle, generation tumbles to 2,983MW
Businessam StaffApril 29, 2020
The number of idle power plants in the country rose by two to eight on Tuesday, worsening the blackout being experienced by many consumers. Total power generation fell to 2,983 megawatts as of 6am on Tuesday from 3,336.5MW on Monday. The nation’s 27 plants generated 4,191.8MW as of 6am on Saturday but their total output […]
Power generation falls to 3,757MW, six plants idle
Businessam StaffApril 21, 2020
The nation’s hydropower plants have seen their output levels tumble in the past few days, causing total power generation to drop below 4,000 megawatts. Electricity generation from Kainji, Jebba and Shiroro hydropower stations fell to 534MW as of 6am on Monday from 980MW on April 16, data from the Nigerian Electricity System Operator showed. Kainji, […]
No decision yet on two-month free electricity – FG
Businessam StaffApril 10, 2020
The federal government has yet to take a decision to provide free electricity supply to Nigerians for two months, Mr Saleh Mamman, the minister of power, has said. The minister’s statement comes after power distribution companies said that the two-month free electricity which they announced on Wednesday would be paid for by the National Assembly and the Federal […]
DisCos, FG agree on 2 months free electricity for Nigerians
Businessam StaffApril 9, 2020
The Electricity Distribution Companies (DisCos) on Wednesday said they have aligned with the federal government to provide a two-month rebate of free electricity to their customers nationwide. In a statement by Sunday Oduntan, the executive director, research and advocacy at the Association of Nigeiarian Electricity Distributors (ANED), said the decision was in recognition of the challenging effects […]
COVID-19: Ikeja Electric suspends disconnection of customers
Businessam StaffApril 1, 2020
Ikeja Electric (IE) has announced the suspension of all disconnection activities of non-paying customers for a period of two weeks effective April 1, due to the lockdown of Lagos State caused by COVID-19. Folake Soetan, acting chief executive officer, made the announcement in a statement in Ikeja on Wednesday. President Muhammadu Buhari had on Sunday […]
COVID-19: No increase in electricity tariff now, says minister
Businessam StaffApril 1, 2020
dis The Nigerian Electricity Regulatory Commission says there will be a 3-month delay in the implementation of the proposed electricity tariff in the country. The regulator had earlier announced that there would be an upward review of electricity tariff across the country effective April 1. Sale Mamman, minister of power, in a statement in Abuja […]