The Africa Energy Bank (AEB) to be hosted in Nigeria is expected to take off officially by the first quarter of this year, the Minister of State for Petroleum Resources (Oil) said Tuesday. Senator Heineken Lokpobiri made this known while giving a keynote address at the ninth edition of the Sub-Saharan Africa International Petroleum Exhibition […]Read More
The Nigerian government has indicated that electricity tariffs may need to increase by over 65% for some consumers to align with the actual cost of power production. Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, told Bloomberg that power tariffs in Nigeria must rise by approximately two-thirds for many users to reflect the […]Read More
SustyVibes, a youth-led organisation making sustainability actionable and relatable for young Africans, has launched the Naija CookWise campaign to promote the adoption of cleaner cooking fuels among one million women and youth in Nigeria. The campaign, supported by the Urban Movement Innovation Fund, aims to raise awareness of the dangers of traditional cooking methods, highlight […]Read More
President Bola Tinubu has confirmed the approval of a $1.1 billion fund from the African Development Bank (AfDB) to provide electricity to 5 million Nigerians by the end of 2026. In addition, Tinubu highlighted the AfDB’s $200 million Nigeria Electrification Project. This aims to provide electricity to 500,000 people by the end of 2025. Bayo […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has confirmed that four state governments—Enugu, Ekiti, Ondo, and Imo—are now set to assume control of electricity generation, transmission, and distribution within their respective states. This follows the ongoing transfer of regulatory authority from NERC to state-level regulators. In an announcement shared on the social media platform X, NERC […]Read More
Coal continues to dominate South Africa’s energy portfolio, at over 80% of the country’s power generation mix JOHANNESBURG, South Africa – Just Energy Transition Partnerships (JETP) have been introduced in recent years to provide financial support to developing nations as they transition away from fossil fuels. In 2021, during the 26th UN Climate Change Conference of […]Read More
Lagos State Governor Babajide Sanwo-Olu has officially signed the Lagos Electricity Bill 2024 into law. This legislation represents a significant step towards the state government’s objective of delivering a 24-hour electricity supply across Lagos, marking a major advancement in its power sector reforms. The bill follows the 2023 decision by the Federal Government to grant […]Read More
Senegal is on the verge of committing $2.7 billion to its international programme aimed at reducing emissions and cutting reliance on fossil fuels, contingent on the ruling party’s success in this weekend’s parliamentary elections. “If Prime Minister Sonko’s party wins a majority, an announcement could come quickly after the election,” said Remy Rioux, CEO of […]Read More
Nigeria’s Power Minister, Adebayo Adelabu, has disclosed that the severe power outages across northern states are due to attacks and threats from bandits and terrorists targeting the ministry’s infrastructure, causing widespread disruption to the electricity supply. The Minister clarified that these outages were not due to a grid collapse but resulted from external disturbances. On […]Read More
Hexing Livoltek, a global leader in technology, has announced plans to establish a manufacturing facility in Nigeria, focusing on advanced metering systems and solar energy solutions. This move is expected to boost local employment while supporting Nigeria’s growing demand for renewable energy. The announcement was made during a luncheon attended by Adebayo Adelabu, the Minister […]Read More
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