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Power sector

Power sector reforms requires legislative intervention – Gbajabiamila

July 8, 2020 Verity News 0

The Speaker of the House of Representatives Rep. Femi Gbajabiamila has emphasized that appropriate legislative intervention in the power sector is critical to national development.  […]

Power sector challenges, NESG to proffer solution

July 7, 2020 Verity News Admin 0

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 […]

World Bank okays $750m IDA credit for Nigeria to revamp power sector

June 25, 2020 Verity News Admin 0

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

June 18, 2020 Verity News Admin 0

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

June 15, 2020 Verity News 0

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

March 10, 2020 Verity News Admin 0

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

February 20, 2020 Verity News Admin 0

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

January 24, 2020 Verity News Admin 0

…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

January 6, 2020 Verity News Admin 0

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. […]

Breaking: Salihijo is new REA boss

December 31, 2019 Verity News Admin 0

Power Minister orders NBET MD to ‘bow out’

December 24, 2019 Verity News Admin 0

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

December 24, 2019 Verity News Admin 0

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

December 9, 2019 Verity News 0

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 […]

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