Mini-Grids Can Transform Nigeria’s Power Sector and Attract More Investors, Says REA Boss
Nigeria’s power sector can become more reliable and attractive to investors if the country focuses on expanding mini-grids instead of ...
Tag: Power Sector
Tinubu Secures $11.4bn World Bank Loans in Three Years, Nears Buhari’s Eight-Year Total
President Bola Tinubu’s administration has secured $11.4 billion in World Bank loan approvals within three years, bringing it close to ...
Federal Government Spends N358.32bn on Electricity Subsidies Despite Ongoing Power Outages
The Federal Government spent N358.32 billion on electricity subsidies during the first quarter of 2026 as it continued to keep electricity tariffs ...
FG Promises Better Electricity Supply Before Year-End as 23 Solar Mini-Grids Launch
The Federal Government has assured Nigerians that electricity supply will improve significantly before the end of 2026 as efforts to ...
Power Minister Unveils New Plan to Tackle Nigeria’s Electricity Crisis
Nigeria’s Minister of Power, Joseph Tegbe, has announced a new action plan aimed at fixing major problems in the country’s ...
DisCos Generate ₦801bn Revenue Despite Nigeria’s Persistent Grid Failures
Nigeria's electricity distribution companies (DisCos) generated a combined ₦801.16 billion in revenue during the first four months of 2026, underscoring ...
World Bank Warns Court Case Could Delay Nigeria’s $500m Power Meter Project
Nigeria’s plan to improve electricity distribution through the World Bank-backed Distribution Sector Recovery Programme (DISREP) is facing a major setback ...
Mission 300 Secures $1.4bn to Expand Electricity Access Across Africa
Africa’s ambitious drive to provide electricity to 300 million people by 2030 has received a major financial boost, with international ...
Nigeria Needs $100 Billion Annually to Close $2.3 Trillion Infrastructure Gap
Nigeria must attract roughly $100 billion in infrastructure investment every year for the next 17 years to close an estimated ...
IMF Backs Further Electricity Reforms as Nigeria Targets Subsidy Reduction
The International Monetary Fund (IMF) has thrown its support behind Nigeria’s ongoing electricity sector reforms, urging authorities to deepen efforts ...
