discos
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economy
Irregular power supply: Ex-MAN chairman urges NERC to penalise discos
Dr Wale Adegbite, former Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, has advised the Nigerian Electricity Regulatory Commission (NERC) to penalise discos across the country for failing to fulfill their contractual obligations. Adegbite gave this advice while speaking with the News Agency of Nigeria (NAN) on Monday in Ota, Ogun. He spoke in reaction to the upward review of…
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economy
DisCos: Expert wants FG to check performance
An expert on power, Mr Princewill Okorie, has called on the Federal Government to set up an investigative committee to check the performance of Electricity Distribution Companies (DisCos). Okorie, the Executive Director, Electricity Consumers Protection Advocacy Centre, who said this in Abuja on Sunday in an interview with the News Agency of Nigeria (NAN), noted that the call had become…
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economy
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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Metro
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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economy
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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economy
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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General News
NERC approves electricity tariff increase for customers on band A
The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in the electricity tariff paid by Band A customers from N68/KWh to N225/KWh. The News Agency of Nigeria (NAN) reports that Band A customers are those who enjoy electricity supply for 20 hours per day. Mr. Musliu Oseni, Vice Chairman, Nigerian Electricity Regulatory Commission (NERC), said this at a news…
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economy
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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Electricity
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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Electricity
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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economy
Minister summons DisCos, TCN over worsening power situation
Minister of Power, Mr. Adebayo Adelabu, has summoned the chief executive officers of two electricity distribution companies (DisCos) to a meeting to be held in the coming week over worsening supply situations in their regions. Those invited to the meeting are the chief executive officers of Abuja Electricity Distribution Company (AEDC) and Ibadan Electricity Distribution Company (IBDC). Also summoned to…
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economy
N42 bn debt: Corpses decomposing in army mortuaries over power outage
The Chief of Army Staff (COAs), Lt. Gen.Taoreed Lagbaja, says corpses in mortuaries within some barracks of the Nigerian Army are decomposing over a power outage. Mr. Bolaji Tunji, Special Adviser to the Minister of Power on Strategic Communication and Media Relations, said this in a statement in Abuja on Friday. Tunji quoted Lagbaja as saying this when he visited…
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Politics
Senate urges FG to stop planned increase in electricity tariff via subsidy withdrawal
Senate has urged the Federal Government to stop its planned increase in electricity tariffs via the planned withdrawal of electricity subsidies. The upper legislative chamber made the call through a motion it adopted at plenary on Wednesday in Abuja. The motion was captioned “Planned Increase in Electricity Tariff and Arbitrary Billing of Unmetered Customers by Distribution Companies (DisCos)” and brought…
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Energy & Environment
Power: Expert urges more investment to boost national grid
Abuja, Feb. 11, 2024 (NAN) An expert on power, Mr. Kunle Olubiyo, has urged the Federal Government and stakeholders to increase investment in the power sector to boost the national grid. According to Olubiyo, this will also reduce the frequent collapses experienced by the grid. Olubiyo, who is also the President of the Nigerian Consumer Protection Network, said this in…
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NEWS
BPE not part of DISCOS’ move to stop audit – DG
The Bureau of Public Enterprises (BPE) has excused itself of the decision of the 11 national power distribution companies (DISCOS) to get a court order to restrain the forensic account audit by the Nigerian Electricity Regulatory Commission (NERC). A statement signed by the director-general of the bureau, Alex A. Okoh, copying the executive chairman of NERC on Friday, May 29,…
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Energy & Environment
Ikeja Electric Appoints Folake Soetan as Acting CEO
Ikeja Electric Plc, today announced the appointment of Mrs. Folake Soetan as its Acting Chief Executive Officer, effective March 2nd, 2020. She takes over from Dr. Anthony Youdeowei who has been the CEO for the last four years. Youdeowei presided over Ikeja Electric transformation initiatives resulting in one of the most aggressive loss reduction recorded in the sector. In her…
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