Echotitbits – Nigeria News

Tag: Power Supply

  • NERC Says Togo, Niger and Benin Owe Nigeria ₦25bn for Electricity Supply

    NERC Says Togo, Niger and Benin Owe Nigeria ₦25bn for Electricity Supply

    As disclosed by The Punch, the Nigerian Electricity Regulatory Commission (NERC) said Togo, Niger and Benin Republic owe about ₦25 billion for power supplied under regional agreements.

    The rising arrears have renewed debate about exporting electricity on credit while Nigeria faces domestic supply constraints and tariff pressures.

    NERC said discussions are ongoing on payment plans, warning that persistent non-payment could affect supply volumes.

    **Echotitbits take:** Recovering these debts matters for sector liquidity and stability. Watch for tougher contract terms—especially pre-payment structures—and clearer alignment between regional commitments and domestic power needs.
    Source: The Punch — https://www.google.com/amp/s/punchng.com/power-gencos-invoices-fall-n80-56bn-on-weak-demand/ 2026-01-08

    Photo Credit: The Punch

  • CPPE: 2026 stability hinges on sustaining reforms, but manufacturing remains fragile without cost relief

    CPPE: 2026 stability hinges on sustaining reforms, but manufacturing remains fragile without cost relief

    2026-01-02 09:00:00
    In an analysis published by The Guardian, the Centre for the Promotion of Private Enterprise (CPPE) projects Nigeria could see greater stability and growth in 2026 if reforms are sustained, but cautions that manufacturing remains fragile under persistent structural constraints.

    The analysis highlights how energy, logistics and financing costs continue to weigh on factories, arguing that macro stability alone won’t lift the real sector without targeted execution that reduces operating costs.

    CPPE’s framing is that reform continuity must translate into measurable improvements in business conditions, otherwise growth remains narrow and disconnected from jobs and purchasing power.

    Validation: Vanguard echoed the execution theme, reporting that gains hinge on “effective execution” of incentives and enabling measures. AllAfrica reinforced CPPE’s structural-risk warning and quoted: “Nigeria’s manufacturing revival hinges on managing structural risks…”

    Echotitbits take: Reforms must translate into lower production costs. Watch early-2026 signals—grid stability versus self-generation expense, FX predictability for inputs and whether tax changes simplify compliance rather than create new leak points.

    Source: The Guardian — 2025-12-29 (https://guardian.ng/business-services/cppe-projects-stability-growth-in-2026-with-sustained-reforms/)
    The Guardian 2025-12-29

    Photo Credit: The Guardian

  • Light Up Lagos: state begins installing 22,000 solar streetlights

    Light Up Lagos: state begins installing 22,000 solar streetlights

    2025-12-15 04:40:00

    According to The Punch, the Lagos State Government has begun installing more than 22,000 solar-powered streetlights under its Light Up Lagos Solar Streetlight Initiative.

    The report says the rollout is positioned as a public lighting upgrade that can improve visibility and reduce dependence on grid power for street illumination.

    Large-scale streetlight deployments often raise questions around maintenance contracts, vandalism risks, and performance monitoring over time.

    Analysis/Echotitbits take: Solar streetlights can boost safety and night-time commerce—if uptime stays high. Watch procurement transparency, maintenance KPIs, and whether communities see measurable reductions in dark spots and incident reports.

    Source: The Punch — December 15, 2025 — https://punchng.com/lagos-begins-installation-of-22000-solar-streetlights/

    Photo credit: The Punch

    The Punch https://punchng.com/lagos-begins-installation-of-22000-solar-streetlights/ December 15, 2025