Concerns Rise as NERC Mandates Direct Power Purchases from GenCos by DisCos

The recent directive from the Nigerian Electricity Regulatory Commission (NERC) has stirred considerable debate within the power sector. NERC has instructed Distribution Companies (DisCos) to move away from the existing single-buyer model contract with energy generation companies (GenCos). This shift, introduced in July, is part of a broader effort to unbundle the electricity value chain…

Federal Government Requires for $10 Billion Annually to Revitalize Power Sector- Minister of Power

The Minister of Power, Mr. Adebayo Adelabu, emphasized that the Federal Government necessitates an annual allocation of $10 billion over the course of the next decade to rejuvenate the nation’s power sector and mitigate the persistent liquidity challenges. He further underscored the impracticality of such a financial commitment within the current fiscal framework of the…