Electricity

  • Tariff: FCCPC wants stiffer actions to protect consumers, backs NERC’s AEDC fine

    Tariff: FCCPC wants stiffer actions to protect consumers, backs NERC’s AEDC fine

    The Federal Competition and Consumer Protection Commission (FCCPC) has appealed for robust and vigilant enforcement by NERC towards greater transparency in billing and electricity supply. A statement issued by the Acting Executive Vice Chairman of the Commission, Dr. Adamu Abdullahi, in Abuja on Sunday said the enforcement would ensure balance with the recently increased tariff for Band A customers. Abdullahi…

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  • Electricity hike: Experts urge FG to review 300% tariff increase

    Electricity hike: Experts urge FG to review 300% tariff increase

    A power expert, Mr. Chinedu Bosah, has urged the Federal Government to review the 300 percent increase in electricity tariffs recently introduced by the Nigerian Electricity Regulatory Commission. Bosah, National Coordinator, Coalition for Affordable and Regular Electricity (CARE), made the appeal in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos. According to him, a comprehensive…

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  • Electricity tariff hike `ll stifle businesses—Abuja chamber of commerce

    Electricity tariff hike `ll stifle businesses—Abuja chamber of commerce

    The Abuja Chamber of Commerce and Industry (ACCI) has expressed concern over the recent increase in electricity tariffs, saying it could negatively impact the ease of doing business in Nigeria. The President of ACCI, Mr. Emeka Obegolu, told the News Agency of Nigeria (NAN) in Abuja on Saturday that the hike would significantly impact businesses across various sectors of the…

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  • Reps minority caucus says hike in electricity tariff insensitive, inhuman

    Reps minority caucus says hike in electricity tariff insensitive, inhuman

    The Minority Caucus of the House of Representatives says the hike in electricity tariffs across the country by the Nigerian Electricity Regulatory Commission (NERC) is insensitive, inhuman, and uncalled for. Rep. Kingsley Chinda, the minority leader of the House of Representatives, said this in a statement on Friday in Abuja. He said such an abrupt hike placed an unbearable burden…

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  • Expert wants FG to reduce import duties on raw materials

    Expert wants FG to reduce import duties on raw materials

    An Expert in Power, Mr. Kunle  Olubiyo,  has appealed to the Federal Government to reduce customs import’s duties and other critical statutory charges at the port of entry and land border. Olubiyo, who is also the President of the Nigeria Consumer Protection Network, said this on Thursday in Abuja while speaking to the News Agency of NAN about the recent…

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  • ATWAP Chairman laments hike in electricity tariff

    ATWAP Chairman laments hike in electricity tariff

    The Association of Table Water Producers of Nigeria (ATWAP), Ogun Chapter, has decried the 300 percent increase in electricity tariffs approved by the Nigerian Electricity Regulatory Commission (NERC). Mr. Babatunde Lawal, state chairman of ATWAP, told the News Agency of Nigeria (NAN) on Thursday in Ota that the hike would further raise the cost of production. Lawal noted that electricity…

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  • CCPE hightlights urgency in addressing electricity value chain challenges

    CCPE hightlights urgency in addressing electricity value chain challenges

    The Center for the Promotion of Private Enterprises (CPPE) has emphasised the need to address some fundamental issues in the electricity value chain. Its founder, Dr. Muda Yusuf, gave the advice on Wednesday in Lagos in reaction to reports of an electricity tariff increment for Band A consumers by the Nigerian Electricity Regulatory Commission (NERC).   The News Agency of…

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  • Stakeholders decry 300% electricity tariff hike

    Stakeholders decry 300% electricity tariff hike

    Some power experts have expressed their dissatisfaction with the 300 percent increase in electricity tariffs approved by the Nigerian Electricity Regulatory Commission (NERC). In separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos, the experts lamented that such an increase would further burden electricity consumers across the nation. NAN reports that the announcement of the tariff…

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  • Transcorp Power posts N453bn pre-tax profit, declares N3.13 dividend

    Transcorp Power posts N453bn pre-tax profit, declares N3.13 dividend

    Transcorp Power Plc (Transcorp Power) has reported N453 billion in profit before tax for the year ended Dec. 31, 2023. Mr. Stanley Chikwendu, Group Company Secretary, Transcorp Power, said this indicated a surge of 85 percent when compared with N439 billion reported in 2022.   Chikwendu stated this in the company’s audited financial statement for the year ended Dec. 31,…

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  • Kebbi: Gotomo community lauds FG for road project, solar installation

    Kebbi: Gotomo community lauds FG for road project, solar installation

    Residents of Gotomo community, Argungu Local Government Area (LGA) of Kebbi, have commended the Federal Road Maintenance Agency (FERMA) for the execution of road projects and streetlight installation in the community. The residents of the community told the News Agency of Nigeria (NAN) on Tuesday that the project would go a long way to alleviate the suffering of the masses.…

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  • Electricity consumers increase to 12.12m in Q4 2023 – NBS

    Electricity consumers increase to 12.12m in Q4 2023 – NBS

    The number of electricity consumers rose by 410,000, from 11.71 million in the third quarter of 2023 to 12.12 million in the fourth quarter of 2023. The National Bureau of Statistics (NBS) stated in its Electricity Report for the Fourth Quarter (Q4) of 2023, released in Abuja on Monday, that the increase was by 3.46 percent. The News Agency of…

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  • Upgrade of transmission infrastructure will check frequent grid collapse -expert

    Upgrade of transmission infrastructure will check frequent grid collapse -expert

    An expert in the power sector, Mr. Kunle Olubiyo, says the upgrade of transmission infrastructure will help check the frequent grid collapses in the country. Olubiyo, who is also the President of the Nigerian Consumer Protection Network, said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Friday. He said that most of the transmission…

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  • We disconnected UCH over N400 debts – IBEDC

    We disconnected UCH over N400 debts – IBEDC

    The management of Ibadan Electricity Distribution Company (IBEDC) Plc says it was compelled to disconnect power supply to the University of Ibadan College Hospital (UCH) due to an outstanding debt. IBEDC’s Chief Key Accounts Officer, Johnson Tinuoye, said in a statement issued on Wednesday in Ibadan that the amount owed the company by UCH was N400 million. Tinuoye said that…

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  • VON offers REA platform to showcase positive impact on rural electrification

    VON offers REA platform to showcase positive impact on rural electrification

      The Voice of Nigeria (VON) has offered its platform to the Rural Electrification Agency (REA) to showcase and narrate its positive impact on communities across the country. The Director-General of VON, Malam-Jibrin Baba Ndace, gave the offer on Tuesday in Abuja, when he led his management team to a courtesy visit to the Managing Director and Chief Executive Officer…

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  • NERC warns electricity consumers against buying transformers, poles for Discos

    NERC warns electricity consumers against buying transformers, poles for Discos

    Hajia Aisha Mahmud, Commissioner, Customers Affairs, Nigerian Electricity Regulatory Commission (NERC), has cautioned electricity consumers against self-procurement of transformers, cables, and accessories without formal agreement with distribution companies. Mahmud gave the warning at the commission’s three-day Customer Complaints Resolution Meeting with Eko Electricity Distribution Company’s customers on Friday in Lagos. The News Agency of Nigeria (NAN) reports that customers at…

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  • FG releases N12.7bn to provide smart meters in barracks

    FG releases N12.7bn to provide smart meters in barracks

    The Minister of Power, Mr. Adebayo Adelabu, says the Federal Government has released N12.7 billion to provide meters in Army barracks across the country. The amount is from the N40 billion earmarked for the mass metering project. Mr. Bolaji Tunji, Special Adviser, Strategic Communication, and Media Relations to the Minister, said this in a statement in Abuja on Monday. He…

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  • Gbajabiamila tasks residents on electricity infrastructure protection in Surulere

    Gbajabiamila tasks residents on electricity infrastructure protection in Surulere

    Mr. Femi Gbajabiamila, the Chief of Staff (CoS) to President Bola Tinubu, has tasked citizens with protecting electricity infrastructure within their communities. Gbajabiamila gave the warning at the official inauguration of the two 20 MVA injection substations at Randle Mechanic Village, Surulere, Lagos. The CoS was represented by the senator representing Lagos Central Senatorial District, Mr. Wasiu Eshinlokun. He said that…

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