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    Kapital FM 92.9 The Station that Rocks!

ELECTRICITY

13 Results / Page 1 of 2
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Economics

3 Electricity Discos Face 72-Hour Ultimatum Over N100bn Debt

The House of Representatives Public Accounts Committee, PAC, has given the management of Ibadan, Benin, and Port Harcourt Electricity Distribution Companies 72 hours to appear before it over unpaid debts exceeding N100 billion owed the Federation Account. At an investigative hearing in Abuja, the Chairman of the Committee Bamidele Salam, warned that the companies’ repeated failure to respond to previous invitations is unacceptable noting that some debts have remained unpaid […]

todayDecember 16, 2025

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Business

Shocking surge: Electricity Subsidy Jumps 220% To Nearly N2tn

The Federal Government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in 2024, According to reports, this represents a 219.67 per cent increase in yearly subsidy funding, despite the Band A tariff hike of April 2024. The Nigerian Electricity Regulatory Commission and analysts observed that the subsidy figures rose following the floating of the naira by President Bola Tinubu in June 2024 as well as the removal of […]

todayJuly 18, 2025

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National

STRIKE: Blackout As Workers Shut Down Power Grid

The Transmission Company of Nigeria has announced the complete shutdown of Nigeria’s power grid by labour unions as the strike by the Nigeria Labour Congress and Trade Union Congress begins. NLC and TUC commenced a nationwide industrial action on Monday in protest against the N60,000 minimum wage proposal of the Federal Government. Announcing the shutdown of the national power grid in a statement issued on Monday morning by TCN spokesperson, […]

todayJune 3, 2024

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National

IMF Urges FG to Discontinue Electricity Subsidy

The Nigerian government has been advised by the International Monetary Fund to eliminate what it has described as hidden subsidies on fuel and electricity. In a recent report from the IMF, Nigeria was informed that subsidies are expected to consume three percent of the country's Gross Domestic Product in 2024, a notable increase from the one percent in the previous year. As per the report, the IMF praised the Federal […]

todayMay 13, 2024

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Featured

FG Will Pay N3.2tr For Electricity Tariff To Be Reverted- NERC

    The Federal Government might need to allocate a substantial N3.2 trillion subsidy for the electricity sector in 2024 if the recent tariff increase is to be reverted. Chairman of the Nigeria Electricity Regulatory Commission, NERC Sanusi Garba disclosed this in Abuja at a stakeholders meeting convened by the House of Representatives committee on Power. Garba who said that current investments in the sector were not enough to guarantee […]

todayApril 19, 2024

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National

House To Debate Hike In Electricity Tariffs When It Resumes

The Deputy Speaker of the House of Representatives, Mr Benjamin Kalu says the House of Representatives will debate the propriety or otherwise of the recent hike in electricity tariffs upon the resumption of plenary later this month. Speaking virtually on the special edition of the “Ben Kalu’s Mandate”, a call-in radio programme of FLO FM, Umuahia, Abia state, the deputy speaker posited that the parliament, heeding the calls of Nigerians […]

todayApril 8, 2024

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Featured

CUPP Decries Increase In Electricity Tariff

    The Coalition of United Political Parties, CUPP, has condemned the recent hike of electricity tariffs for customers under the Band A classification. This is contained in a statement signed by the General Secretary of CUPP, Chief Peter Ameh in Abuja. The statement says this is one increase too many adding that government is meant to serve the interest of the people and not the other way round. "We […]

todayApril 5, 2024

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Featured

ActionAid Condemns Hike In Electricity Tariff

      A non governmental organization "ActionAid Nigeria, AAN, has strongly condemned the recent approval by the Nigerian Electricity Regulatory Commission, NERC, to increase electricity tariffs for customers under the Band A classification. This is contained in a statement signed by the Communications Coordinator, ActionAid Nigeria, Oluwakemi Akinremi-Segun in Abuja. The statement says this decision comes at a time when the country is grappling with erratic power supply, leaving […]

todayApril 5, 2024

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National

NERC Approves Hike In Electricity Tariff

Through the Nigerian Electricity Regulatory Commission (NERC), the Federal Government has approved an upward review of electricity tariff. NERC Chairman Sanusi Garba, who broke the news in Abuja, said it would cost the government between N120 billion to N130 billion monthly (N1.6 trillion) to subsidise electricity this year. Garba said if government takes a decision on subsidy, it would be taken into consideration in the next tariff. According to the […]

todayJanuary 18, 2024