The minister stated that Nigeria needs to shift towards a cost-effective tariff model, noting the country’s debts of 1.3 trillion naira to generating companies (GenCos) and 1.3 billion dollars owed to gas companies.
Adelabu made these remarks during a press conference in Abuja on Wednesday, stating that only 450 billion naira was earmarked for subsidy this year.
He emphasized that the ministry requires over two trillion naira to facilitate the subsidy.
The minister said that states will now have permission to generate power independently
Kanyi Daily recalls that a private aircraft carrying Nigeria’s Minister of Power, Adebayo Adelabu, and his team, crash-landed in Ibadan, Oyo State.
Troops of the Nigerian Army under Operation Hadin Kai have arrested a man suspected of…
A Federal High Court in Abuja has set April 1 for the fresh arraignment of…
Four members of the crew aboard a United States military refuelling aircraft have died after…
A Thai woman who is married to a Nigerian has sparked debate on social media…
Anambra State government has arrested a popular Nnewi-based native doctor, De Young Chief Priest, also…
Nollywood actress Doris Ogala has stirred reactions after sharing a series of personal experiences while…