…AI for automation, compared with 56 per cent in the US. The bank identified unreliable electricity, limited internet access, high data and device costs and inadequate computing infrastructure as major constraints. The post World Bank: Fuel price to slow Nigeria’s poverty reduction appeared first on Vanguard News.

…the removal of the petrol subsidy, reforms to the foreign exchange market and changes to electricity tariffs. The Federal Government has repeatedly defended the reforms as necessary to address distortions that had weighed on public finances, discouraged investment and placed pressure on foreign exchange reserves. Howev…

…because there were no staff available to attend to them. NAN recalls that the Nigerian Electricity Regulatory Commission recently issued Interim Order No. NERC/2026/086, dissolving the Board of Directors of the Kaduna Electricity Distribution Company. The order was signed by NERC Chairman, Dr Musiliu Oseni, and Commiss…

…It needs small and medium enterprises that can access affordable credit. It needs electricity that stays on, roads that connect farms to markets, and a customs regime that does not criminalise legitimate trade. It needs what the Bank of Industry has begun to articulate: patient capital channelled into productive invest…

…Electric (IE) has apologised to customers in parts of Lagos after five Band A electricity feeders failed to meet the minimum daily power supply requirement of 20 hours on September 30 and October 1, 2026.The electricity distribution company disclosed the shortfall in a public notice published on Friday, October 2, expl…

…feeds the national grid. It encourages all member states to take advantage of the new electricity law and abundant sunshine to strengthen the electricity needs of the subregion and expanding solar and mini-grid solutions for development. “Forum reiterates its long-standing concern over the seeming neglect of the Mambil…

…businesses using diesel generators and trucks, lower wholesale prices could ease electricity and distribution expenses if suppliers pass the reduction through.The potential savings are measurable: a ₦70 reduction would lower the fuel cost of a 1,000-litre purchase by ₦70,000, before delivery charges and other costs.How…

…has analysed the impact of the Federal Government’s proposed energy zones for 24/7 electricity supply. Nothing screams progressive reform quite like telling a citizen that his/her electricity might be unstable so that a manufacturer can chill executive water bottles at sub-zero temperatures. However, here is the drift.…

…and outlined some of the ADC’s proposed measures. He said the removal of petrol and electricity subsidies had intensified economic hardship, leaving many Nigerians struggling to afford basic necessities. “Everybody is suffering, everybody is looking for food to eat. People can’t buy fuel or travel. The airlines are thr…

A Nigerian lady identified as @assiztpro has celebrated the return of electricity to her home after allegedly spending a year without public power supply. In a post shared on social media (X), she said the prolonged power outage meant she could not use a fridge or freezer during the period. 🔎 Stay updated: Set GistReel…

…Civil Societies Coalition, OCSC, has expressed concern over the proposed phase-out of electricity subsidy from 2027, arguing that reliable electricity should also be affordable to ordinary Nigerians. The OCSC said removing the subsidy could place additional pressure on households, workers, traders, farmers, artisans an…

…fewer crops are lost between the farm and the market, when a manufacturer spends less on electricity, when a truck reaches its destination faster, and when the business environment fosters fair competition, all those savings will ultimately find their way into the price of goods in the market,” he said. The President a…

…of a closed-door meeting between the Minister of Power, Joseph Tegbe, and Nigeria’s electricity distribution companies, DisCos, over the proposed 24/7 Energy Zones have emerged. In a statement on Tuesday, Tegbe said the meeting was in furtherance of the Federal Government’s commitment to delivering reliable electricity…

…sector. According to the APM, Nigerians had endured rising taxes and the cost of food, electricity, transportation, healthcare and other basic necessities since Tinubu assumed office in 2023. “The APM strongly condemns the attempt by President Tinubu to further mortgage the future of millions of Nigerians with a fresh…

…Harcourt, Rivers State. TCN, in a statement on Tuesday, said the area is experiencin electricity disruption following a labour-related incident at Afam IV Power Station. According to TCN, the disruption started on Monday, September 28, 2026, when members of the National Union of Electricity Employees, NUEE, Rivers Stat…

…election races in both parties, with more and more communities worried about rising electricity bills and the strain on water and land. Trump has dismissed opponents of these data centres, saying communities that are against them “want to end up being backwards and poor” and that China “could not be happier” with the b…

…a piece of cardboard lies on the cement floor. There is no mattress, mosquito net, or electricity. “I sleep here,” the kid told this reporter, pointing to a corner of the room. He lies on the cardboard at night and wakes up to another day of work. The routine starts the next morning again. His story shows how poverty,…

…for the development of the project, then designed to generate 3,050 megawatts of electricity. Adesanya insisted that priority should now be to move beyond the controversies that have surrounded the project and focus on its potential contribution to Nigeria’s power supply and economic development. He reiterated his desi…

…its minerals, refines its petroleum, manufactures competitively, produces reliable electricity, protects its citizens, strengthens its institutions, develops its human capital and manages public resources transparently would have far greater bargaining power internationally. That is perhaps the most important lesson fr…

…The audit also queried N196.59m paid for three constituency projects involving electricity transformers and solar streetlights in Ogun, Lagos and Osun states. The projects included N59.2m for the supply and installation of 500kVA transformers at locations in Ogun State, N38.53m for 40 solar streetlights in communities…

…meaningful minimum wage increase linked to the rising cost of food, transport, rent and electricity. Photo Abubakarpledges immediate minimum wage increaseThe former vice president challenged President Tinubu to immediately agree to a meaningful wage increase tied to the actual cost of food, transportation, rent and ele…

…if the food does not spoil. The biggest enemy of bulk buying in Nigeria is irregular electricity. You cannot simply buy two baskets of fresh tomatoes and scotch bonnet peppers (rodo) and throw them raw into a freezer, because a two-day blackout will turn everything into a fermented mess. A more reliable method is batch…

…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 from the domestic capital market and N326.979 billion in non-cash bonds allotted to parti…

Workers of the Ondo State Electricity Board on Monday protested against the alleged failure of the state government to regularise the appointments of long-serving temporary staff. The protesters shut down activities at the board’s headquarters in Akure, the state capital, for several hours, preventing workers from acce…

…moving food and goods, and put pressure on manufacturing, construction, agriculture and electricity generation where businesses rely on self-generation.Other African countries face similar risks, particularly those with limited refining capacity and high dependence on imported petroleum products.The Syrian experience a…