‎Not All Electricity Meters Are Free, NERC EXPLAINS

The Nigerian Electricity Regulatory Commission (NERC) has clarified that not all electricity meters currently being deployed nationwide are free, amid growing confusion over the Federal Government’s metering programmes and recent warnings against illegal charges by electricity distribution companies (DisCos).‎Speaking on Saturday during a radio interview on Fresh FM with Adeola Samuel-Ilori, NERC Chairman, Musiliu Oseni,…

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FG Directs States to Share Cost of Electricity Subsidy

Abuja — President Bola Tinubu has directed state governments to begin sharing the cost of electricity subsidy with the Federal Government, marking a major fiscal shift in the management of Nigeria’s power sector. Funding for the subsidy will now be drawn from the Power Assistance Consumers Fund (PCAF), a government-backed pool designed to support low-income…

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Atiku Says ‘Loyalty Comes at a Cost’ as Aregbesola Dismisses APC Defections at Book Launch

Former Vice President Atiku Abubakar has said unwavering loyalty in Nigerian politics often comes at a personal cost, revealing that his commitment to loyalism once forced him into exile and exposed him to assassination attempts. Speaking at the launch of The Loyalist, Atiku reflected on the complexities of political loyalty, while African Democratic Congress (ADC)…

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FG Raises ₦501bn Genco Bond as Nigeria Battles Fresh National Grid Failure

The Federal Government has successfully issued a ₦501 billion inaugural bond to settle legacy debts owed to power generation companies (Gencos) under the Presidential Power Sector Debt Reduction Programme (PPSDRP), recording 100 per cent subscription from pension funds, banks and asset managers. The landmark financing move comes amid renewed concerns over grid stability after Nigeria…

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