Tag: Electricity
-
Nigeria Exports Electricity Worth N181.62 Billion Despite Export Restrictions
Nigeria has exported electricity worth N181.62 billion from January to September 2024, according to the National Bureau of Statistics (NBS). The export breakdown reveals N58.65 billion in the first quarter, N63.28 billion in the second quarter, and N59.69 billion in the third quarter, primarily to Togo, Benin, and Niger Republic. This export continues despite the…
-
TCN: ₦8.8bn Spent Repairing Vandalized Power Transmission Towers
The Nigerian Federal Government has disclosed a staggering financial and operational challenge in the power sector, revealing that it has expended approximately ₦8.8 billion to repair transmission towers deliberately destroyed by vandals and bandits across the country. At a Quarterly Power Sector Working Group meeting in Abuja, the Managing Director and Chief Executive Officer of…
-
National Grid Collapses Again, As FG Promises 20-Hour Daily Power Supply by 2027
In a move to address Nigeria’s longstanding electricity challenges, the Federal Government has unveiled plans to provide Nigerians with at least 20 hours of daily power supply by 2027. However, this ambitious target is contingent on securing sufficient investment in the country’s oil and gas sector, which has been underperforming despite its vast resources. Olu…