Power reforms attract $2bn investment, cut liabilities by N700bn – Adelabu

By Seun Ibiyemi Nigeria’s Minister of Power, Adebayo Adelabu, says ongoing reforms in the electricity sector have attracted over two billion dollars in fresh investments, signalling renewed investor confidence and improved sector performance. Adelabu made this known on Thursday in Abuja during the commissioning of the new headquarters of the Nigeria Electricity Liability Management Company….

Read More

FG to tackle gas shortages to boost power in 14 Days — Minister

By Seun Ibiyemi Nigeria’s Minister of Power, Adebayo Adelabu, has announced that the Federal Government is implementing urgent measures to address gas supply constraints responsible for the country’s persistent electricity shortages. Speaking at a press conference in Abuja on Tuesday, Adelabu acknowledged widespread public frustration over poor power supply, attributing the situation largely to inadequate…

Read More

NLC rejects N6trn power sector bailout, demands structural reforms

… Calls for merger of Ministries of Petroleum and Power into Ministry of Energy By Seun Ibiyemi The Nigeria Labour Congress (NLC) has rejected a proposed N6 trillion bailout for power generation companies, arguing that repeated financial interventions have failed to deliver improved electricity supply across the country. NLC President, Joe Ajaero, made the position…

Read More

Gas shortage, payment disputes worsen electricity instability as FG promises improvement

By Seun Ibiyemi Electricity supply across Nigeria has remained unstable, with industry operators blaming the situation on persistent gas shortages and unresolved payment issues within the power sector. Power generation companies (GenCos) said inadequate gas supply has significantly reduced their ability to generate electricity, resulting in frequent outages and load shedding across many parts of…

Read More

Aso Rock’s shift to solar: What it means for Nigeria’s power sector

By Seun Ibiyemi Nigeria’s decision to power the Aso Rock Presidential Villa with its own solar energy system marks a symbolic and potentially transformative moment for the nation’s beleaguered electricity sector. While the move has drawn praise for its environmental foresight, it also lays bare deep structural problems in the country’s energy supply and carries…

Read More

Nigeria’s power crisis deepens while billions are budgeted for a failing grid

Nigeria’s electricity sector remains one of the deepest scars on the nation’s development landscape, a chronic failure that blights households, cripples industries, and drains public finances. Despite successive government promises and eye‑watering budget allocations, the power grid continues to sputter, leaving citizens and businesses to pay the price for something that ought to be basic…

Read More

FG directs Ibadan Electric to fast-track free meter distribution

By Seun Ibiyemi The Federal Government through the minister of Power, Adebayo Adelabu, has directed the Ibadan Electricity Distribution Company (IBEDC) to expedite the distribution of free prepaid meters to customers within its franchise area. Adelabu gave the directive during a working visit to the company’s headquarters on Saturday in Ibadan, where he met with…

Read More

Gas shortage, damaged power infrastructure worsen electricity supply in Lagos, Oyo

Electricity consumers in Lagos and parts of Oyo State are facing renewed power disruptions following a drop in generation caused by gas supply constraints on the National Grid, as well as infrastructure damage linked to a road accident in Ibadan. In separate notices issued on February 7, 2026, Ikeja Electric and Eko Electricity Distribution Company…

Read More

Mixed reactions trail FG directive on free prepaid electricity meters

Experts, power sector operators and electricity Distribution Companies (DisCos) have expressed divergent views on the Federal Government’s directive mandating the rollout of free prepaid meters to electricity consumers nationwide. They said this with reacting to the directive in an interview with newsmen on Sunday in Lagos. Reports that the Minister of Power, Mr Adebayo Adelabu,…

Read More