News articles


Rural energy access and the future of SMEs by BOI

Rural energy access and the future of SMEs by BOI

As Nigeria battles to improve the electricity generation and supply nationwide, the recent initiative of the Bank of Industry that led to the commissioning of the 48kw pilot model off-grid solar home systems in two rural communities in the North-East and South- West zones of the country is one that may not only assist in


Alternative solutions needed as S.Africa’s energy demand doubles by 2035

With the country’s power demand expected to double in the next two decades, there is a great need to bring more clean power projects. In South Africa, one of the country’s largest financial institutions, Standard Bank, has been the financial backing to 14 operational renewable energy projects across the country, which are producing more than

Obama tackles carbon pollution through electricity intervention in Nigeria, others

The White House has said that all the various intervention by the United States government to provide electricity in Nigeria and other sub-Saharan African countries are targeted at reducing carbon pollution and ensuring that people everywhere can tap into clean sources of energy to power their homes and businesses. The Barack Obama administration has announced

75% of Nigerians don’t have access to regular electricity Supply- NAEE

About 75% of Nigeria’s 170 million people still live without access to regular electricity supply, the Nigerian Association of Energy Economists (NAEE) has said. According to the NAEE, despite statistics indicating that 45% of the country’s population is currently connected to the national grid, regular supply is still restricted to just about 25% of the population,

NERC to apply principles of prudence, affordability in tariff review

Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi has said the commission would apply the principles of prudence and affordability in the current upward review of electricity tariffs in the country. Amadi gave the clarification against the backdrop of reports that NERC would increase the tariffs by 40 per cent. The NERC

Egbin Power Plant Generation Drops To 660 Megawatts

Power generation has dropped from 813 megawatts to 660 at the Egbin Power Plant in Lagos State, an official said on Tuesday. The plant, the nation’s biggest power generating outfit, has the capacity to contribute about 1,000 megawatts to the national grid. An authoritative source at the plant told the News Agency of Nigeria (NAN)

No justification for electricity tariff hike – Stakeholders

Nigerians have been thrown into confusion over whose authority supersedes on the issue of electricity tariff increase. No sooner than President Muhammadu Buhari assured Nigerians that there will be no hike until supply improved significantly, the Nigerian Electricity Regulatory Commission, NERC, last week declared a new tariff regime effective from November 1. Stakeholders noted that

Power firms adjusting electricity tariffs – NERC

The public outcry against the plans by power distribution companies to increase electricity tariffs may have forced some of them to effect corrections to the proposals they submitted to the Nigerian Electricity Regulatory Commission. According to NERC, some Discos are providing clarifications sought by the commission’s technical team that is currently working on their applications,

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