The Federal Government has said that the amount spent on subsidising electricity in the country every month in Nigeria is now about N30 billion.The reduction by N20 billion, according to the government, is following Read More
Tags :Electricity Consumption
The Central Bank of Nigeria (CBN) will provide N60 billion for the first phase of its national mass metering programme, the federal government has said.The fund will be provided for the supply of one Read More
About four West African countries are in talks with Nigeria to sell unused electricity to them.The electricity would be sold through a planned $570 million Northcore Power Transmission Line.This was disclosed by the acting Read More
The World Bank has said the Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said.According to the global Read More
The World Bank has said a total of 74 percent of power users in Nigeria are dissatisfied with the supply of electricity across the country.The World Bank also stated that 93 percent of metered power users Read More
The indebtedness of the 11 Distribution Companies to Nigerian Bulk Electricity Trading Plc has increased to N510.53billion in 2020.This indicates an increase of 11.2 per cent compared to N453.14billion, recorded in the corresponding period of 2019.Read More
The 11 Electricity Distribution Companies across Nigeria have recorded a shortfall of N273.42 billion in 2020.The companies cumulatively received a total of N542.73 billion out of N816. 15 billion they billed their consumers.This, however, is Read More
The Nigerian Electricity Regulatory Commission has said over seven million power users have not been metered while three million meters installed in the residents of power users are obsolete.The Commission said this in its Read More
Currently, in Angola, only one-third of the population has access to electricity under good conditions, this is why the government of Angola is seeking to increase access to electricity for its population.The government in Read More