…bonds, structured under an approved framework.The issuance forms part of the ₦4 trillion Power Sector Multi-Instrument Issuance Programme, an intervention under the Presidential Power Sector Debt Reduction Programme.Approved in 2025, the broader initiative targets verified legacy debts owed to electricity generation co…

…electricity tariff reforms were also aimed at improving the financial viability of the power sector and encouraging investment by allowing electricity prices for some customer categories to better reflect supply costs. Nigeria’s rise in the Bloomberg ranking therefore marks an improvement in its relative position among…

…However, here is the drift. After many years of financial illiquidity in the power sector, darkness in many parts of the country and recurring national grid collapses, here comes a brilliant idea to identify high-demand commercial and industrial hubs, such as Lagos, the Abuja-Kaduna-Kano corridor and the Enugu-Port Har…

…Government (FG) has signed the N728.979 billion Series-2 bond under its N4 trillion Power Sector Debt Reduction Programme, in a fresh move to settle verified legacy debts owed to electricity generation companies and restore liquidity to Nigeria’s power sector. The transaction comprises N402 billion in cash bonds raised…

…and subsidy frameworks as part of efforts to restore financial sustainability in the power sector. The World Bank disclosed this in its Country Partnership Framework for the Federal Republic of Nigeria for the period FY26-FY32. According to the document, the World Bank’s intervention will focus on improving electricity…

…from the economic hardship confronting Nigerians. The Olusegun Obasanjo administration’s power sector spending and commitments, commonly cited at about $16bn, became the subject of a House of Representatives probe after his exit from office in 2007. In 2008, the Umaru Yar’Adua administration raised questions about expe…

…would soon enjoy round-the-clock electricity, saying recent improvements in the sector were only the beginning of the administration’s efforts to transform power supply. He expressed concerns that Nigeria had lived in an embarrassing paradox over the years, living without electricity despite its richness in power asset…

…an overall score of 38.8. Its infrastructure score was only 5.21, ranking 70th. In the power sector, 5.06 million of 12.38 million active electricity customers remained unmetered as of March 2026, while aggregate technical, commercial and collection losses stood at 37.44 per cent. Looking ahead, PwC projected that Nige…

…Yari further reaffirmed the board’s support for the transformation of Nigeria’s power sector under the Federal Government’s Renewed Hope Agenda. He said Geregu Power would continue to play a significant role in the power sector by supporting reliable electricity generation. The company said it would issue formal confir…

Power sector's progress will now be measured by communities electrified and not megawatts - Minister of Power Joseph Tegbe Joseph Tegbe, Minister of Power, says the success of Nigeria's power sector should no longer be measured primarily by the amount of electricity generated, but by how many communities and people hav…

…effectively in export markets. While commending the Federal Government’s reforms in the power sector, particularly the decentralisation of electricity generation and incentives for gas-powered equipment, he maintained that gas pricing remained a major policy gap requiring urgent attention. Onafowokan called on the Cent…

…Nnaji urged the Federal Government to address gas supply challenges affecting the power sector, noting that about 73 per cent of Nigeria’s electricity is generated from gas-fired power plants. “Nigeria cannot be among the six countries with the largest natural gas reserves in the world and still be experiencing recurri…

…describing the act as a threat to national grid assets and years of investment in the power sector. TCN urged host communities and the general public to remain vigilant and report suspicious activities around transmission installations to security agencies or the nearest TCN office. The company stressed that protecting…

…environment for investment. Elumelu backs Delta as investment destination, seeks power sector partnership Chairman of Heirs Holdings, Mr. Tony Elumelu, has endorsed Delta State as one of Nigeria’s emerging investment destinations, declaring that the state is ready for profitable investments while calling for a partners…

Federal Government assures no immediate increase in electricity tariffs amid ongoing power sector reforms5,000 youths to support nationwide prepaid meter installation through the Presidential Metering InitiativeNigeria generates about 5,000MW of electricity, signalling progress in the reforms for reliable supplyPAY ATT…

…complaints after the damage is done. He called on DisCos and all operators across the power sector to handle customer complaints fairly, operate transparently, and meet their regulatory obligations in full.FCCPC announces plans to stop DisCos from charging for replacing obsolete DisCos. ImagesHe equally urged consumers…

FG to phase out power sector subsidy from next year The Minister of Power, Joseph Tegbe, has announced plans by the Federal government to phase out subsidy payments in the power sector from 2027. Tegbe made the announcement during a media parley with newsmen in Abuja on Friday, July 31.According to the Minister, the su…

…potentially needed $12 billion in electricity investments annually through 2045 to fix power sector The amount, he said could be compared with the roughly $1 billion currently invested in the sector each year. “Nigeria, potentially, needs $12 billion in electricity investments annually through 2045, versus $1 billion b…

…Minister. “Discussions focused on tackling critical security challenges impacting the power sector, specifically the rampant vandalisation of national power infrastructure and widespread energy theft. Tegbe solicited the continued support and tactical collaboration of the Nigeria Police Force to safeguard power assets…

…transform the Nigeria Electricity Supply Industry (NESI). The post Forum backs Tinubu’s power sector reforms appeared first on Tribune Online.

…the Managing Director of NISO, Abdu Muhammed Bello, as part of efforts to drive the power sector to achieve results. Bello, while commending the NISO chief for his unwavering support and partnership, said NISO has consistently demonstrated its commitment by responding promptly and providing the necessary cooperation to…

…procurement will decrease,” he said. Highlighting his personal interventions in the power sector, Adebutu claimed he had donated more electricity transformers to communities than the Ogun State Government. “I can say it categorically that I have distributed more transformers to communities across the state than the gov…

…the minister challenged stakeholders to rethink how success is measured within the power sector. “When we speak about electricity, we often measure success by megawatts generated, kilometres of distribution lines constructed, or the number of households connected. Those are important indicators. But they are not the ul…

…certificate can lead to more chances. Opportunity to network with professionals in the power sector. Application opens on 5th July, 2026 Frequently Asked Questions Everything you should know about the PMI program. Is this training free? Yes, the PMI Meter Installation Course is entirely financed by the federal governme…

…under the programme to $500m. The facilities were still awaiting disbursement. The power sector has also remained one of the largest recipients of World Bank financing under Tinubu. In June 2023, shortly after the inauguration of the administration, the World Bank approved $750m for the Power Sector Recovery Performanc…