Power & Energy - Abia ThinkTank News

Feb

03

2025

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By Abia ThinkTank

Brace Up For Fresh Electricity Tariff Hike – FG Tells Nigerians

FGN, Power & Energy

Brace Up For Fresh Electricity Tariff Hike – FG Tells Nigerians The Federal Government says plans are ongoing to increase electricity tariffs “over the next few months”. It, however, said that the planned increase needed to be balanced by subsidies for less-affluent electricity users. Bloomberg quoted the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, as giving this hint at the Africa Heads of State Energy Summit in Dar es Salaam, Tanzania, where Nigeria presented a $32 billion plan to expand electricity connections by 2030. According to the presidential aide, Nigeria is trying to resolve the transition to…

Jan

30

2025

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By Abia ThinkTank

FGN Secures $1.1 Billion AfDB Loan To Power 5 Million People By 2026 – President Tinubu

FGN, News Flash, Power & Energy, Presidency

FG Secures $1.1 Billion AfDB Loan To Power 5 Million People By 2026 – President Tinubu The Federal Government has secured a $1.1 billion loan from African Development Bank, AfDB, to provide electricity for 5 million people by the end of 2026. Special Adviser to the President, (Information & Strategy), bayo Onanuga, who disclosed this in a statement, said President Bola Tinubu made this known at the just concluded two-day Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania. Tinubu also stated that the AfDB’s $200 million in the Nigeria Electrification Project would provide electricity for 500,000 people by…

Jan

30

2025

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By Abia ThinkTank

Otti’s Rural Electrification Initiative: Bringing Light And Life To ABIA Communities – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

Abia State, Columns/Opinions/Letters, Good Governance, Power & Energy

Otti's Rural Electrification Initiative: Bringing Light and Life to Abia Communities Ebere Uzoukwa, Ph.D Governor Alex Otti's vision for Abia State is one of transformation, and his rural electrification initiative is a shining example of this commitment. By bringing light and life to rural communities, Governor Otti is bridging the gap between urban and rural areas, stimulating economic growth, and improving the quality of life for the people. This initiative is a testament to Governor Otti's dedication to ensuring that every community in Abia has access to electricity, a fundamental necessity for modern life. The gains of rural electrification are…

Jan

13

2025

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By Abia ThinkTank

Peter Obi Makes U-Turn Over His Comment On Alleged National Grid Collapse

News Flash, Politics, Power & Energy, Presidency

Peter Obi Makes U-turn Over His Comment On Alleged National Grid Collapse Following social media backlash, Peter Obi, the presidential candidate of the Labour Party in the 2023 presidential election has made a u-turn over his controversial comment on the alleged collapse of the national grid. After a power outage in some parts of Lagos on Saturday, January 11, 2025, which many erroneously attributed to national grid collapse, Obi, in a tweet said the incessant fall of the grid which happened 12 times in 2024 has subjected Nigerians to ‘untold setback and hardship.’ According to him, despite borrowing over $3.23…

Nov

13

2024

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By Abia ThinkTank

The Level Of Corruption In The Power Sector Will Make You Cry – EFCC Chairman, Olukoyede

Abuja, Crime, News Flash, Power & Energy

Things We Discovered In Power Sector Will Make You Cry – Olukoyede, EFCC Chairman The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has said the level of corruption in the power sector would make people cry. He put it this way: “As we speak, we are grappling with electricity. If you see some of the investigations we are carrying out within the power sector, you will shed tears. “People were awarded contracts to supply electricity equipment. Instead of using what they call 9.0 guage, they will go and buy 5.0. Every time you see the…

Nov

08

2024

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By Abia ThinkTank

FGN Promises 20-Hour Daily Electricity Supply By 2027

FGN, News Flash, Power & Energy

FG Promises 20-Hour Daily Electricity Supply By 2027 The Federal Government has revealed plans to provide Nigerians with at least 20 hours of daily electricity by 2027. However, it has conditioned this target on sufficient investment in Nigeria’s oil and gas sector, which it has said is currently far below expectations. The Special Adviser to the President on Energy, Olu Verheijen, made this statement at the Energy Week in Cape Town, South Africa, in a release by the State House Director of Information and Publicity, Abiodun Oladunjoye, on Thursday. “By 2027, Nigeria aims to ensure 20 hours of electricity daily…

Oct

21

2024

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By Abia ThinkTank

Amid Power Grid Collapse, Nigeria Supplies Togo, Benin 24-Hour Power – TCN CEO

Business, FGN, News Flash, Power & Energy

Nigeria Supplies Togo, Benin 24-Hour Power Supply – TCN The Managing Director and CEO of the Transmission Company of Nigeria, Sule Abdulaziz, has disclosed that Nigeria supplies 24-hour electricity to neighbouring countries Togo and Benin, amid ongoing discussions in the country following a recent power grid collapse. “We supply Togo, Benin, and Niger. They get power from Nigeria on a 24-hour basis, and they are paying for it,” Abdulaziz stated during an appearance on Channels TV’s Politics Tonight program on Sunday. When asked why many Nigerians do not enjoy uninterrupted power, he responded, “Nigerians are getting 24-hour supply, but it’s…

Oct

19

2024

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By Abia ThinkTank

Davido’s Father Opens Power Plant Worth N3.4 Trillion Capable Of Supplying Electricity To 15% Of Nigerian Homes

Business, News Flash, Power & Energy

Davido's father, Mr. Adeleke Adedeji, has opened a power plant worth 3.4 trillion Naira, which will supply electricity to 15% of Nigerian homes Initially, Mr. Adeleke wanted Davido to go to school and study accounting so he will be there to manage his businesses in Nigeria, but Davido was more passionate about pursuing a career in music. With how wealthy Davido's father is, Davido could decide never to work in his entire life and he would never go broke, but he's still out here hustling like someone from a poor background. Davido should be your role model for hard work…

Sep

27

2024

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By Abia ThinkTank

Gov. Otti Thanks President Tinubu For Appointing Engr. Jennifer Adighije As The MD/CEO Of Niger Delta Power Holding Company, Says Power Is Central To His Economic Development Agenda For ABIA State

Abia State, Good Governance, News Flash, Power & Energy

GOV. OTTI THANKS PRESIDENT TINUBU FOR APPOINTING ENGR. JENNIFER ADIGHIJE AS THE MD/CEO OF NIGER DELTA POWER HOLDING COMPANY, SAYS POWER IS CENTRAL TO HIS ECONOMIC DEVELOPMENT AGENDA FOR ABIA STATE. Abia State Governor Dr. Alex Otti, OFR, has expressed his gratitude and that of the entire State to the President of the Federal Republic of Nigeria, Sen. Bola Ahmed Tinubu for the appointment of Engr. Jennifer Adighije as the Managing Director/Chief Executive Officer of Niger Delta Power Holding Company (NDPHC). Engr. Jennifer Adighije is the Daughter of Senator Chris Adighije, who once represented Abia Central Senatorial District in the…

Sep

04

2024

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By Abia ThinkTank

News Breaking: Nigeria’s Power Generation Makes History, Hits 5,313MW

News Flash, Power & Energy

News Breaking: Nigeria’s Power Generation Makes History, Hits 5,313MW The Nigeria’s power generation made history, rising to a three-year high of 5,313mw on Monday. This is contained in a statement issued by Mr Bolaji Tunji, Special Adviser on Strategic Communication and Media Relations to the Minister of Power, Mr Adebayo Adelabu. Adelabu, therefore urged Electricity Distribution Companies (DisCos) to take more energy in order to prevent a grid collapse. ”When power is produced and not picked by the DisCos, it could lead to grid collapse as frequency drops. ”Efforts will be made to encourage industries to purchase bulk energy,” he…