Browsing: Nigerian Electricity Regulatory Commission

  • The government of Nigeria has allocated over US$195,000,174 (N806, 103.6 billion) to build several power projects this year.
  • Power generation in the country still drags at 5000 Megawatts despite an installed capacity of 13,000 Megawatts.
  • Three West African countries and some other special customers owe Nigeria a total bill of approximately USUS$1.87 million (N770 million) issued by NBET.

The current electricity generation in Nigeria drags at 5000MW despite the heavy demand that is increasing by the day.

In its 2022 budget, the government of Nigeria has allocated over US$195,000,174 (N806, 103.6 billion) to build several power projects this year.

The federal government targets fixing and reviving a struggling energy sector in the country. The million-dollar budget allocation comes amid energy stakeholders opposing the federal government’s unwavering support for private entities in the industry.

Read: Powering Africa: Kenya eyes more billions to expand geothermal energy

The significant projects highlighted in the …