The Nigerian Bulk Electricity Trading Plc on Thursday provided statistics on misalignments in the power value chain, saying that about 14,000 megawatts of electricity was contracted to power generation companies.

Rural electrification is to get the highest capital investment from the Federal Government in the power sector in 2022, as N114.64bn has been appropriated for it.

Today, grid generating potential is just over 12 GW in Nigeria. More than 40% of the population lack access to electricity, and those with access, suffer regular power cuts and outages.

Vice President Yemi Osinbajo has said the plan to defund gas projects in the run up to the global Net-Zero emissions target will be unhelpful to developing countries such as Nigeria.

 The Federal Government says it has commissioned several sites in the six geopolitical zones of the country toward actualising its promise of electrifying five millions homes with solar energy by 2023.

A new Senate bill meant to eliminate the current barriers hindering private sector investment in the power value chain passed second reading on the floor of the red chamber on Tuesday.

Something funny is happening with energy supply across the globe. 

Nigeria has received an additional funding of 15 million euros as a grant from the European Union (EU) to support renewable energy development in the country.