Policy articles


Methodology for Future Electricity Tariffs Will be Clear to Consumers, Says Fashola

Methodology for Future Electricity Tariffs Will be Clear to Consumers, Says Fashola

The Minister of Power, Works, and Housing, Mr. Babatunde Fashola, has said that the methodology for the future review of tariffs in Nigeria’s electricity market would be made clear to customers to end the prevalent suspicion about tariffs in the country, reports This Day. Speaking at the recent presidential Quarterly Business Forum (QBF) in Abuja,

Tony Elumelu, chairman of the Transnational Corporation of Nigeria, speaks during the Presidential Power Reform Transactions signing ceremony in Abuja April 22, 2013. REUTERS/Afolabi Sotunde

Elumelu Tasks African Leaders on Electricity, Others

The Chairman of Heirs Holdings, Tony O. Elumelu has urged African leaders and development institutions to address the deepening unemployment crisis in the continent, reports The Guardian. Elumelu, who is the Founder of the Tony Elumelu Foundation (TEF) made the call yesterday at the Youth Connekt Africa Summit in Rwanda. He spoke on the theme


Fashola to Intervene in Alleged Inflation of GenCos’ Invoice

The Minister of Power Works and Housing, Babatunde Fashola will dig into the allegation that the Nigerian Electricity Bulk Trading (NBET) Plc was inflating electricity invoice in favour of the Electricity Generation Companies (Gencos), it was learned on Monday. According to the Executive Secretary, Association of Power Generating Companies (APGC) Barrister Joy Ogaji, who revealed


Nigeria Short-Changed by N15bn in Power Assets Lease – Reps

Nigeria has lost about N15 billion due to under leases, unauthorised sales, misappropriation of funds, abuse of processes and outright negligence in the handling of non-core assets of the defunct Power Holding Company of Nigeria (PHCN), a House of Representatives panel has said. The subcommittee of three standing committees of the House investigating the sale

NERC (1)

Nigerians to Pay N7.45/kwh More for Electricity as NERC Prepares New Tariff

Barring any last-minute change, electricity consumers in Nigeria are to pay between N2.89 and N7.45 per kilowatt hour (kwh) increase in the new cost reflective tariff slated for announcement before October. Investigations showed that the Nigerian Electricity Regulatory Commission (NERC), an agency in charge of the tariff, which completed receipts of complaints on the tariff


Reps Seek Downward Review of Electricity Tariff

The House of Representatives has decried the rising electricity tariff in the country, reports The Nation The lawmakers said the increases were not justified considering the commitment of N213billion to the operators that has failed to boost supply to Nigerians. In addition, the lawmakers said the increments were not in tandem with the economic realities


FG Will Probe Abandoned 2003 N37b NEPA/PHCN Meter Contract

The Federal Government will revisit abandoned 2003 N37 billion NEPA/PHCN fraudulent contract, Power, Works and Housing Minister, Mr. Babatunde Raji Fashola, has said. Fashola was the guest lecturer at this year’s edition of the public lecture series of the Department of Economics of the University of Lagos. He spoke on Power sector reforms: Challenges and

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