Akwa Ibom State has become the 17th state in Nigeria to secure regulatory control of its electricity market, marking a major milestone in its efforts to overhaul the power sector and guarantee reliable electricity supply to households and businesses by 2034.
New electricity projects approved for Abuja and the Lagos axis will require months of equipment production before some of the planned improvements can reach consumers, Power Minister Joseph Tegbe has said.
Nigeria’s unreliable electricity supply imposes costs that extend beyond monthly power bills. Companies spend billions of naira on energy, while smaller businesses must buy fuel, operate generators and absorb losses when outages interrupt their work.
The Federal Government has set a target of generating 70,000 megawatts of electricity by 2030, seeking to expand power infrastructure to meet rising demand from industries, businesses and households despite persistent supply shortages.
As West Africa continues to navigate complex power sector reforms, structural grid expansion challenges, and an accelerated push toward renewable energy adoption, key global and regional stakeholders are gathering in Lagos for the landmark 13th edition of Nigeria Energy.
The University of Lagos (UNILAG) has been urged to explore a floating solar farm on its waterfront to expand electricity generation amid limited land for conventional solar installations.
Electricity supply across Edo, Delta, Ondo and Ekiti states was disrupted on Monday after workers under the National Union of Electricity Employees (NUEE) shut down critical facilities of BEDC Electricity Plc over a dispute involving emoluments and welfare packages
The Nigerian Independent System Operator (NISO) has confirmed that multiple trippings occurred on the country's critical 330-kilovolt transmission network on Monday, hours after electricity generation plunged dramatically by about 88 per cent and triggered outages in parts of the country.
Nigeria’s electricity supply system suffered a dramatic shock on Monday as power generation plunged by about 88 per cent, falling from approximately 3,840 megawatts (MW) at 7am to 476.70MW by 1pm.
For neighbouring businesses, buying separate generators means paying repeatedly for equipment that serves the same street or market. Solar offers another option, although purchasing a system individually can put it beyond a small firm’s budget.
The Edo State opposition accuses Governor Monday Okpebholo of making baseless allegations against former governors Godwin Obaseki and Peter Obi, urging him to focus on delivering tangible development rather than deflecting criticism of his administration.
