The Federal Government of Nigeria has successfully secured a $500 million loan from the World Bank aimed at enhancing the performance of electricity Distribution Companies (DisCos). This was disclosed in a press release from the Bureau of Public Enterprises (BPE) by Amina Othman, Head of Public Communication. Approved on February 4, 2021, by the World … Read more
Power Minister, Adebayo Adelabu, assured Nigerians on Friday that the current high electricity tariffs are a temporary issue and will eventually decrease, akin to the trend seen in telecom tariffs in the country. Addressing criticism from consumers about recent tariff hikes and poor power supply, Adelabu expressed optimism about the future. “Though it seems costly … Read more
The Nigerian Electricity Regulatory Commission (NERC) has ordered all distribution companies (DisCos) to automatically downgrade any Band A feeder that does not enjoy the minimum requirement of 20 hours per day power supply for seven consecutive days. This order formed part of the Service Delivery Commitments for every DisCo in line with the Supplementary Order … Read more