Tinubu to Meet GENCOs Over N4 Trillion Power Debt
Minister of Power, Adebayo Adelabu, has announced a meet between President Bola Tinubu and power generation companies (GENCOs) to discuss a N4 trillion debt. The Minister assured that the government will pay a significant portion of the debt immediately, with the balance settled within six months. The government also plans to implement structural reforms, including […]
Federal Government Plans to Regularise Electricity Tariffs
The Federal Government plans to regularise electricity tariffs in a bid to address disparities in the current billing system. Minister of Power, Adebayo Adelabu, said the government is considering this option over the slow pace of migration to Band A customers, which he attributed to the reluctance of Distribution Companies to make the necessary investments. […]
Minister of Power Attributes Grid collapses to Vandalism
The Minister of Power, Adebayo Adelabu, has attributed frequent grid collapses to vandalism and lack of maintenance in the past. Adelabu, receiving the report of the committee set up to address grid collapses in Abuja on Wednesday, stressed that most 2024 incidents resulted from vandalism and theft of power equipment, including the shattering of lightning […]
