April 29, 2025
Lagos, Nigeria

Minister of Power

News

Nigeria to Offset N2 Trillion in Power Sector Debt Amid Ongoing Electricity Challenges

In a significant move to address the mounting financial strain in Nigeria’s power sector, the Federal Government has announced plans to settle ₦2 trillion of the ₦4.7 trillion debt owed to electricity generation companies (GenCos) by the end of 2025. This initiative aims to prevent potential power plant shutdowns and ensure the continuity of the

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News

Adelabu Hints at Power Tariff Review, Says Band B Customers Underpaying

Adebayo Adelabu, Nigeria’s Minister of Power, has indicated that electricity consumers under Band B may soon face a tariff increase, stating that they are not paying enough compared to the level of electricity they receive. Speaking on Thursday at the public presentation of the National Integrated Electricity Policy (NIEP) and the Nigeria Integrated Resource Plan

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