Abuja — September 1, 2025 Two decades after Nigeria embarked on sweeping reforms in its infrastructure sectors, the nation’s telecom industry has emerged as a shining success story, while the power sector continues to lag behind, weighed down by inefficiencies and unmet promises. Since the liberalization of telecommunications in 2001, the sector has grown exponentially,
Nigeria’s electricity sector is under increasing financial pressure as three neighbouring West African countries, Benin, Niger, and Togo, have reportedly defaulted on payments exceeding $40 million for electricity supplied to them by Nigeria. According to sector insiders, the outstanding debts are linked to international bilateral energy supply agreements facilitated through the Nigerian Bulk Electricity Trading
Abuja, July 10, 2025 — The Nigerian Senate has taken decisive action to re-engineer the country’s struggling power sector by advancing the Electricity Act (Amendment) Bill, 2025 during its second reading on Tuesday. Sponsored by Senator Enyinnaya Abaribe (Abia South) and backed by Senate President Godswill Akpabio, the bill introduces sweeping reforms aimed at preventing
In a decisive step to strengthen Nigeria’s power sector, the Presidency has announced plans to clear outstanding debts owed to Generation Companies (GenCos). The move aims to improve the financial health of the power generation segment, enhance electricity supply stability, and attract further investment into the sector. The accumulation of unpaid debts to GenCos has
The Niger Delta Power Holding Company Limited (NDPHC) is calling for presidential intervention to address the severe liquidity crisis plaguing the power sector. According to the Managing Director, Jennifer Adighije, the intervention should start with settling the over N4 trillion owed to power generating companies and facilitating funding for ongoing projects to enhance electricity access
