Thoughts on facing the harsh realities of subsidy removal in Nigeria In May 2023, when President Bola Tinubu confidently declared that “the petrol subsidy is gone,” many Nigerians knew their lives were about to change. However, what few anticipated was…
Ikeja electric slashes electricity tariff for Band A customers
The Ikeja Electricity Distribution Company has slashed the tariff payable by its Band A customers to N206.80 per kilowatt-hour from the N225/kWh approved by the Nigerian Electricity Regulatory Commission (NERC). The spokesperson for the IKEDC, Olufadeke Omo-Omorodion, disclosed this to…
NERC: FG halts tariff hike, agrees to pay N1.6t subsidy in 2024
The Nigerian Electricity Regulatory Commission (NERC), yesterday, released new electricity tariff regime for the eleven electricity distribution companies, DisCos, but said the utilities cannot implement the hike because the Federal Government has agreed to pay N1.6 trillion as subsidies for…
Power Reforms: NERC licences 21 new GenCos
The Nigerian Electricity Regulatory Commission (NERC) has issued operating licences to 21 power generating companies (GenCos) in 2022, according to data on its website. The commission also issued 114 registration/permits for the development of mini-grids to boost power supply across…
Why Peter Obi deserves to be celebrated — Sam Amadi
A former Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi, has stated that the Presidential Candidate of Labour Party (LP), Mr. Peter Obi, remains a leader who should be celebrated for setting a standard in frugality and…
7-man American team arrives today for Aba Power
A team of electricity experts from the United States will today (Wednesday 10 August) arrive in Aba, the commercial nerve centre of Abia State, to start work as the technical partner of Aba Power Limited, a member of Geometric Power…
Geometric Power launches campaign on dangers of illegal sale of electric power
Nigeria’s foremost integrated power company, Geometric Power Ltd, promoted by former Power Minister, Barth Nnaji, has launched a campaign to enlighten the public on the grave dangers of illegal sale and consumption of electric power in Aba and some other…
Nigerians pay more for ‘darkness’ as government hikes electricity tariff
Four months after the Federal Government and the Nigerian Electricity Regulatory Commission (NERC) quietly ordered the removal of subsidy on electricity and increased end-user tariffs, orders released, yesterday, by the regulator have created fresh concerns as poor Nigerians are now…