Friday , September 24 2021

Power

Nigerians May Pay More for Electricity Next Year

Nigerians May Pay More for Electricity Next Year

With plans to end the electricity subsidy from next year, Nigerians would have to pay more for the commodity under a new tariff arrangement to be unveiled by the Federal Government. The Federal Government reiterated the decision during a stakeholders’ engagement meeting organised by the Nigerian Electricity Commission, NERC in …

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Nigeria Loses N470 Billion to Gas Flaring

Nigeria Loses N470bn to Gas Flaring

Nigeria lost N470 billion ($1.24 billion) to gas flaring in 2020, data released by the National Oil Spill Detection and Response Agency (NOSDRA) has revealed. The agency disclosed that the amount was lost from the flaring of 354 billion cubic feet (BCF) of gas by oil and gas companies operating …

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FG Subsidises Electricity by N50bn Monthly – Minister

FG Subsidises Electricity by N50bn Monthly - Minister

The Federal Government has been subsidising electricity supply across the country to the tune of over N50bn monthly, the Minister of Power, Sale Mamman, has said. He said the subsidy spendings were because the government was worried by the incessant complaints by ordinary Nigerians over the unavoidable and periodic increase …

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NERC Debunks Claims on Electricity Tariff Hike

NERC Debunks Claims on Electricity Tariff Hike

The management of the Nigerian Electricity Regulatory Commission (NERC) has said there is no 50 per cent increase in electricity tariff. This was made known by Mr Micheal Faloseyi, NERC’s Head of Public Affairs, in a statement in Abuja on Tuesday. Faloseyi spoke against the backdrop in some quarters that …

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IBEDC Implements Revised Service Reflective Tariff

IBEDC Implements Revised Service Reflective Tariff

The Ibadan Electricity Distribution Company Plc (IBEDC) said it has begun the implementation of the revised service-based reflective tariff as approved by the Nigerian Electricity Regulatory Commission (NERC). The new tariff is effective from 1st November 2020. In a statement by the Head Branding and Corporate Communications, Angela Olanrewaju, the …

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FG Budgets N497.13 Billion for Six Million Free Meters

FG Budgets N497.13 Billion for Six Million Free Meters

The Federal Government is to spend between N269.38bn and N497.13bn on the provision of six million free meters to various unmetered power users across the country. Also, findings from separate quarterly reports of the Nigerian Electricity Regulatory Commission on the power sector showed that the number of unmetered customers in …

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