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Electric Power Sector Reform Act

NERC makes u-turn on electricity tariff hike

The Nigerian Electricity Regulatory Commission (NERC) appears to be at crossroads over its recent announcement on increase in electricity tariff across the eleven Electricity Distribution Companies (DisCos), as it has denied any such hike.
The Kaduna Electricity Distribution Company on Monday appealed to residents of Ibrahim Taiwo Road in Kaduna to bear with it over the power outage being experienced by the residents.

Power supply: Federal government urged to provide 40 percent funding stake to DISCOS

Some stakeholders in the power sector have called on the Federal Government to fulfill its 40 per cent funding to electricity distribution companies (DISCOS) to enable them function effectively.
The Ibadan Electricity Distribution Company, IBEDC, has appealed to its customers to go through the proper channel and avoid fraudulent activities in meter collection.

NERC: Electricity tariff increase has not been approved

The Nigerian Electricity Regulatory Commission (NERC) says no tariff increase has been approved by the commission yet.

Federal government gives conditions for electricity tariff hike

The Ministry of Power, Works and Housing has said an increase in electricity tariff can only be justified by widespread provision of meters and improved service delivery to customers.

Senate committee okays 10-year-jail term for theft of electricity cable, others

Senate Committee on Power, Steel Development and Metallurgy has recommended a jail term of 10 years, without an option of fine, if found guilty to have conspired, counselled or accepted to procure or to hold in custody, stolen parts, components or pieces of a public power equipment.
President Muhammadu Buhari says since 1978 when he was named the minister of petroleum till date, he has not lost interest in the oil sector.

SERAP: President Buhari, Atiku Abubakar, others should scrap security votes, immunity

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to major presidential candidates for Nigeria’s February 16 election urging them to “publicly commit to revolutionary and innovative anti-corruption reforms in five key areas, such as security votes, power sector corruption, judicial corruption and removal of immunity for presidents, vice-presidents, state governors and deputy state governors.”

Federal government accuses DisCos, TCN of using substandard power equipment

The federal government has accused electricity distribution companies (Discos) and the Transmission Company of Nigeria (TCN) of using substandard equipment to execute power projects.

Ikeja Electric commences distribution of 850,000 prepaid meters

The management of Ikeja Electric says it has commenced distribution of over 850,000 prepaid meters to its consumers in its six business units in Lagos.

Nigeria’s sovereign wealth agency transfers $417.5 million to electricity bulk trader

The Nigeria Sovereign Investment Authority (NSIA) on Thursday said it paid about $417.46 million to the country’s electricity bulk trader, the Nigeria Bulk Energy Trading Company Plc (NBET).

DisCos: New power policy’ll raise tariff by 14 percent

The Eligible Customer policy introduced by the Federal Government in the power sector will lead to a 14 per cent increase in the electricity tariff payable by residential consumers across the country, power distribution companies have said.

DisCos, investors urge federal government to provide solution to N1.3 trillion electricity tariff gap

Electricity Distribution Companies and investors in the distribution chain have called on Federal Government to bridge the N1.3 trillion electricity tariff gap to enable DisCos meet their performance agreement with the government.
Babatunde Fashola- Minister Works, Power and Housing

Babatunde Fashola: My directive to NERC not meant to ‘demonise’ DisCos

The Minister of Power, Works and Housing, Mr Babatunde Fashola, says his directive to Nigerian Electricity Regulatory Commission (NERC) is rectify issues impeding electricity supply in the country, but not to demonise DisCos.

Minister: Power DisCos rattled by federal government’s resolution on service delivery

Also, the minister freely lampooned the Executive Director, Research and Advocacy of the Association of Nigerian Electricity Distributors (ANED), Mr. Sunday Oduntan, who responded to his orders for the Discos. He specifically called Oduntan an interloper.
Babatunde Fashola- Minister Works, Power and Housing

Federal government promises to invest 72 billion on procurement of equipment for unused 2,000MWs...

The Federal Government has committed to invest N72 billion on the procurement and installation of equipment to help distribute unused 2,000 megawatts of electricity to consumers in the country.

Federal government aks power companies to buckle down or leave the sector

The federal government on Monday asked the 11 electricity distribution companies (Discos) in Nigeria’s electricity market to buckle down or get out and leave the business of power distribution for people who are willing to compete and uphold their obligations in the sector.

NERC grants 9.5mw electricity generation licence to Ariaria Market

Nigerian Electricity Regulatory Commission, NERC, has granted a 9.5 megawatts embedded electricity generation licence to Ariaria Market Independent Power Plant Limited and an Independent Electricity Distribution Licence to distribute same within Ariaria Market to Ariaria Independent Energy Distribution Network Limited.

Enugu DisCo sets up task force on electricity offences

The Enugu Electricity Distribution Company (EEDC), has established a Special Investigation and Prosecution Task force on Electricity Offences (SIPTEO).

House of Reps to probe alleged diversion of N2bn, $3.8m from sale of PHCN

The house of representatives has resolved to investigate the alleged diversion of N2 billion and $3.8 million interests on the proceeds of the sale of Power Holding Company of Nigeria (PHCN).

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An Ilorin, Kwara State lawyer Olarewaju Aluko and his client, Taiye Na’Allah, on Thursday sued the Economic and Financial Commission (EFCC) at a Kwara State High Court for alleged defamation of character.

EFCC nabs gang for impersonating anti-graft agencies

The Economic and Financial Crimes Commission (EFCC), Uyo Zonal Office, has arrested three men in Uyo for impersonating the staff of the Commission.
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

Governor Abiodun: I almost gave up on public office

Ogun State governor, Dapo Abiodun, said on Tuesday, he almost gave up the idea of contesting for public office after his attempts to become governor and Senator in 2003 and 2015 failed .
The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

Presidency: VP Osinbajo followed due process in supervision of agencies

The Presidency last night said that Vice President, Yemi Osinbajo, followed due process in his supervision of agencies under him.

NECO to release results of 30,000 students as Niger government pays N200 million exam...

The Niger government says it has paid N200 million to National Examination Council (NECO), to ensure the release of results of 30,000 students being withheld by the examination body.
Oyo State Governor, Engineer Seyi Makinde has pledged that his administration would be fair, just and equal to all religions in the state, noting that the prayers of Muslim clerics contributed to his election victory.

Oyo governor pledges fairness to all religions

Oyo State Governor, Engineer Seyi Makinde, has pledged that his administration would be fair, just and equal to all religions in the state, noting that the prayers of Muslim clerics contributed to his election victory.