News & Updates

Blackouts Cost Nigeria 40 Trillion Naira Yearly New Report Reveals

A staggering new report has revealed that persistent electricity blackouts cost the Nigerian economy an estimated 40 trillion naira annually. The financial toll highlights the severe impact of power instability on industrial productivity, small businesses, and the overall growth of the national GDP.

Power Sector Attracts 2bn Dollars Investment As FG Cuts Liabilities To 146bn Naira

The Nigerian power sector has recorded a significant boost with two billion dollars in new investments following federal government efforts to stabilize the industry. Minister of Power Adebayo Adelabu confirmed that sectoral liabilities have been drastically reduced to 146 billion naira as part of ongoing reforms.

Nigerians to See Better Electricity Supply Within Two Weeks Says Adelabu Aide

The Minister of Power, Adebayo Adelabu, has assured Nigerians that the current electricity supply challenges will see significant improvement within the next fourteen days. This commitment follows a formal apology for recent nationwide blackouts attributed to gas shortages and infrastructure maintenance.