Power Sector

Business

World Bank Backs Nigeria’s Power Tariff, Subsidy Reforms to Fix $2.45bn Funding Gap

Ogochukwu Onwaeze, THEWILL -
The framework comes as Nigeria continues to face a major electricity access deficit, unreliable supply and a liquidity crisis that has constrained investment across the sector.
Business

FG Says Resilient Power Grids Critical to Nigeria’s Energy Security

Ogochukwu Onwaeze, THEWILL -
The Minister of Power, Joseph Tegbe, made the argument on Tuesday while delivering a keynote address at the opening plenary of the Middle East Energy 2026 Leadership Summit in Dubai.
Business

Nigeria’s Power Sector Contracts 10.63% For Second Straight Quarter Despite Stronger GDP Growth

Joy Onuorah, THEWILL -
According to the National Bureau of Statistics, electricity, gas, steam and air-conditioning supply contracted 10.63% year on year in real terms in Q2 2026. Q1 recorded a deeper 15.30% decline, extending the sector’s downturn into a second quarter.
News

TCN Declares Force Majeure After Three Towers Collapse On Niamey Line

Felix Ifijeh, THEWILL -
The declaration followed the collapse of towers T109, T110 and T111 at Chibike Village, with TCN attributing the incident to heavy rainfall and a windstorm in the area.
News

Tinubu’s Power Sector Strategy Faces Fresh Scrutiny As Atiku Drops Another Bombshell

Felix Ifijeh, THEWILL -
Atiku Abubakar claims the Tinubu administration has finally embraced a decentralised electricity generation policy he first proposed more than 21 years ago, describing the shift as a delayed acknowledgement of a blueprint that could have transformed Nigeria's power...
News

FG Injects ₦501bn Into Power Sector, Clears ₦333bn GenCo Debt, Floats ₦729bn Bond

Felix Ifijeh, THEWILL -
Federal Government deploys ₦501bn to begin clearing power sector legacy debts, settling ₦333bn owed to eight GenCos operating 17 power plants. Tinubu administration pays first Series I bond coupon of ₦63.5bn on schedule, describing the move as proof...
Features

Does Nigeria Need a $100 Billion Investment In The Power Sector?

THEWILL -
April 19, (THEWILL) — The Minister of Power recently declared that Nigeria requires over $100 billion in public and private investment across generation, transmission and distribution to deliver reliable electricity. The figure is staggering. But is capital really the...
News

Power Sector Reform Gains Momentum As Tinubu Approves ₦3.3trn Debt Settlement Plan To Boost Electricity Supply

Felix Ifijeh, THEWILL -
April 05, (THEWILL) — President Bola Tinubu has approved a landmark ₦3.3 trillion payment plan to resolve long-standing financial obligations in Nigeria’s power sector, in a decisive move expected to restore stability, improve electricity supply, and stimulate economic growth...
Opinion

OPINION: Power Sector: The Watts That Weren’t!

THEWILL. -
August 25, (THEWILL) — There was a delusion that the privatisation of the power sector - an existing, dilapidated monopoly - would be as straightforward and eventually beneficial as the transformative liberalisation of the telecommunications industry. What we are...
News

FG Pushes For Cost-Reflective Tariffs In Power Sector

Felix Ifijeh, THEWILL -
July 09, (THEWILL) — The federal government has disclosed that it is actively developing a plan to shift the power sector to a fully cost-reflective tariff regime. A statement signed by Bolaji Tunji, the Media aid to the Minister of...
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Latest News

HeadlineTHEWILL -

Turn $53.11bn FX Reserves, 4.43% Growth, Other Reforms Into Lower Food Prices, Jobs For Nigerians – Oye To Tinubu

According to him, these measures have helped address distortions that had weakened the foundations of the Nigerian economy, stressing that macroeconomic stability was only the beginning of the work, and that the success of the reforms must ultimately be measured by their impact on ordinary citizens.
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