Power Archives - Independent Digital News Network

Tinubu Approves ₦2.8tn GenCo Debt After Audit Slashes ₦6tn Claim

President Bola Tinubu has approved ₦2.8tn as the Federal Government’s verified electricity subsidy liability to power generation companies, following a tripartite audit that cut operators’ ₦6tn claim by more than half. The decision includes conditions on gas debt settlement and infrastructure reinvestment as authorities seek to stabilise Nigeria’s power sector liquidity crisis.

Electricity Workers Issue 21-Day Strike Notice Over NESI Wage and Pension Dispute

IDNN1 month ago1 month ago0

Electricity workers have issued a 21-day strike notice over unresolved wage and pension claims within Nigeria’s power sector. The electricity workers strike notice affects operators across the Nigerian Electricity Supply Industry (NESI) and could disrupt national power supply if negotiations fail before the deadline.

FG to Share Electricity Subsidy Burden With States From 2026

IDNN2 months ago2 months ago0

The Federal Government has announced plans to share electricity subsidy costs with state and local governments from 2026, ending the long-standing practice of carrying the burden alone. Officials say the move is aimed at transparency and fiscal discipline, as Nigeria grapples with mounting power-sector debt and seeks to stabilise an electricity market strained by unpaid subsidies.

FG Begins ₦4tn Power Sector Debt Settlement as Five GenCos Sign Agreements

IDNN2 months ago2 months ago0

The Federal Government has launched a ₦4 trillion power sector debt settlement programme, with five electricity generation companies signing agreements under a bond-backed framework. Officials say the move is aimed at clearing long-standing arrears, restoring liquidity across the market and unlocking fresh investment in Nigeria’s fragile electricity value chain.

National Grid Collapses Again, Second Time in Four Days

IDNN2 months ago2 months ago0

Nigeria’s national electricity grid has collapsed again, marking the second system failure in four days and renewing concerns over the fragility of the country’s power infrastructure. The incident triggered widespread outages across several states, raising questions about grid stability, operational resilience, and the pace of long-promised reforms in the electricity sector.

Nigeria Seeks $2 Billion China Loan to Build Super Grid and Stabilise Power Supply

IDNN5 months ago5 months ago0

Nigeria is negotiating a $2 billion loan with China to build a national super grid aimed at improving electricity transmission and connecting industrial corridors. Minister of Power Adebayo Adelabu says the project will decentralise the grid and reduce outages that have hampered manufacturing and GDP growth for over a decade.

⚡ Nigeria Power Grid Collapse Sparks Fresh Questions over Energy Oversight

IDNN7 months ago7 months ago0

Nigeria’s national electricity grid suffered a major collapse overnight, plunging large parts of the country into darkness and reigniting debate over regulatory oversight and chronic infrastructure failures

Ojulari Reveals NNPC Under Attack, Defends Refinery Revival Drive

IDNN7 months ago7 months ago0

NNPC GCEO Bayo Ojulari has declared that the corporation is “under attack” from vested interests opposed to reform. He vowed to stay the course, insisting the Ojulari NNPC under attack refinery revival plan will be sustainable, not a short-term fix. Oil union PENGASSAN has pledged full backing.

Adelabu: Nigeria Will Achieve Uninterrupted Electricity Supply by 2027 — TCN Needs ₦2.7trn for 149 Projects

IDNN8 months ago5 months ago0

Minister of Power Bayo Adelabu says Nigeria will have uninterrupted electricity by 2027, but ₦2.7trn is needed to complete key transmission projects.

Telecoms Under Siege: Nigeria’s Digital Lifeline May Collapse, Say Operators

IDNN8 months ago0

Telecom bosses warn Nigerians of looming service breakdowns as sabotage and theft derail billion-naira infrastructure upgrades.