Power sector challenges, NESG to proffer solution
The Nigerian Economic Summit Group (NESG), has identified seven pillars needed to create a successful electricity market in the country. The pillars include independent urban […]
Power sector
World Bank okays $750m IDA credit for Nigeria to revamp power sector
The World Bank has approved $750 million in International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO). The bank’s Board of Directors […]
Only N58bn out of N1.8tn intervention fund released to us –Discos
The Power Distribution Companies (Discos) has on Wednesday affirmed they were only able to access N58 billion from the Central Bank of Nigeria’s N213 billion […]
Senate to revisit 2013 power sector privatisation
President of the Senate, Ahmad Lawan on Monday charged the Senate Committee on Power to look at what has happened to the agreement signed in […]
AfDB to boost electricity supply, Invest $200 million to sector
The African Development Bank (AfDB) is to invest $200 million through the Rural Electrification Agency (REA) to boost power supply in Nigeria. Acting Vice President, […]
Power sector: DisCos’ licences likely to be revoked over poor performance
The Power Distribution Companies (DisCos) are to blame for the poor electricity supply, Minister of Power Saleh Mamman, said on Wednesday. He said the Federal […]
Entire Nigerian power sector broken – NEC
…Says 80m Nigerians lack access to electricity…N1.7trn spent in 3 yearsBy Abdullahi M. GullomaAbujaThe National Economic Council (NEC) Thursday said the entire country’s power sector […]
‘Power sector privatization not meant to succeed’ – NUEE
The General Secretary, National Union of Electricity Employees (NUEE), Joe Ajaero, has declared that the power sector privatization, from onset was not meant to succeed. […]
Power Minister orders NBET MD to ‘bow out’
The Minister of Power, Engr. Sale Mamman, has asked the Managing Director, Nigerian Bulk Electricity Trading (NBET) Plc, Dr. Marylyn Amobi to step down from […]
Power Minister places REA head on suspension
The Minister of Power, Engr. Sale Mamman has placed the Managing Director, Rural Electrification Agency (REA), Ms Damilola Ogunbiyi on suspension indefinitely. A Press release […]
Senate President wants state of emergency in power sector
President of the Senate, Ahmad Lawan on Monday called on the Executive to, as a matter of urgency, declare a state of emergency in the […]