Browsing Tag

Power sector

Power Sector Records National Peak Generation of 5,520.40MW – TCN

News Agency of Nigeria Oct 31, 2020 0

The power sector has recorded yet another national peak generation of 5,520.40MW on Oct. 30 at 9.15 pm.Mrs Ndidi Mbah, General Manager. Public Affairs, Transmission Company of Nigeria (TCN) made this known in a statement in Abuja on…

Economy

Nigeria Records Highest Power Transmission Of 5,459.50MW

Solomon Asowata Oct 29, 2020 0

The Transmission Company of Nigeria (TCN) says the power sector has recorded an all-time national peak of 5,459.50MW. SEE ALSO: Strike Over Oil Sector Deregulation Not Necessary – Iledare A statement issued on Thursday by Ms Ndidi Mbah,…

Economy

Fuel Subsidy Removal Not Temporary – Zainab Ahmed

Oladipupo Ehindero Jun 28, 2020 0

The entire global economy is facing difficult times and Nigeria is not insulated from that. But we can say that ours is not as bad as other countries. Nigeria faced two shocks simultaneously. First of all, there was the shock of the…

Opinion

Crucial Concerns about the New Power Sector Roadmap – By Jerome-Mario Utomi

Jerome-Mario Utomi Aug 5, 2019 0

A nation that cannot control its energy sources can’t control its future- Barack Obama, the Audacity of Hope. Just the way the Federal Government came up with the electric power sector reform, EPSR, ACT of 2005 and the roadmap for power…

Government

We have invested N900bn in power since we assumed office – Osinbajo

Mercy Obojeghren Jul 13, 2019 0

Vice President Yemi Osinbajo says the present administration has invested N900 billion in the power sector since its assumption of office in 2015.Osinbajo stated this when he paid a courtesy visit on the Asagba of Asaba, Prof. Chike…

Tech

How CBN, NERC can reposition power sector – Experts

Oluwafunke Ishola Jun 16, 2019 0

Mr Kola Ayeye, a former Executive Director, Asset Management Corporation of Nigeria (AMCON), has called for synergy between the Central Bank of Nigeria (CBN) and the Nigerian Electricity Regulatory Commission (NERC) to reposition the power…

Business

UBA boss, Tony Elumelu to invest $2.5bn in Nigeria’s power sector

Samuel Oduoye Mar 27, 2019 0

Chairman of Transcorp Nigeria Plc, and United Bank for Africa (UBA), Tony Elumelu has pledged to invest as much as $2.5 billion in power projects across NigeriaElumelu revealed that investments in the power sector will be made through…

News

Fashola: FG Cannot be Blamed for Unstable Power Supply

Ademola Ademiluyi Dec 14, 2018 0

Babatunde Raji Fashola, the minister of power, housing, and works, has explained that it is not right to hold the federal government accountable for unstable power supply. He mentioned that the previous administrations have privatized all…

Opinion

An Open Letter To President Muhammadu Buhari

Martin Ibiam Apr 21, 2018 0

Firstly I respect you as the head of this country Nigeria which I will still continue to respect you till the end of your tenure as Nigeria president simply because God commanded me to obey you because every leader was chosen by God himself…

Business

FG, World Bank in talks for $1bn power loan

Adejumo Kester Feb 26, 2018 0

The Federal Government and the World Bank are in the final stage of negotiation for the release of $1bn performance-based loan for Nigeria’s Power Sector Recovery Programme.It was gathered that the loan was currently being prepared for…

News

Fashola Pleads For Advise To Use 2000 Megawatts Stranded On National Grid

John Ogunsemore Feb 3, 2018 0

The Minister of Power, Works on Housing, Babatunde Fashola has urged Civil Society Organisations (CSOs) to provide advise on how the 2,000 megawatts 'stranded' on the national grid can be accessed and utilised.Fashola said the focus…

Government

Ban power sector stakeholders from using generators: Association

News Agency of Nigeria Oct 24, 2017 0

The Executive Director, Research and Advocacy of the Association of Nigerian Electricity Distributors has suggested that public officers responsible for providing power should be banned from using generators..Mr Sunday Oduntan, who made…

Government

FG to break power gridlock, promises 10,000 mw

Uju Oct 11, 2017 0

The Federal Government on Tuesday promised to unchain the obstacles hampering power supply programme and promised to achieve the 10,000 megawatts envisaged in its Economic Recovery and Growth Programme (ERGP).Vice President Yemi…

Government

Experts to engage Fashola at LCCI power sector dialogue

Uju Sep 25, 2017 0

The Lagos Chamber of Commerce and Industry (LCCI) is set to hold a dialogue targeted at proffering solutions to challenges in the nation’s power sector.According to a statement issued by the chamber on Monday, the dialogue is to hold on…

Government

Fed govt pays N47bn to 62 contractors – Fashola

Abraham Sep 16, 2017 0

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, said that the Federal Government has disbursed about N47.17bn to 62 contractors out of the debt owed them.He stated this in Lagos in Lagos at a road construction summit…

Government

Reno Omokri Exposes The Truth About Power Sector Under Goodluck Jonathan’s Administration

Owolabi Oluwasegun Aug 10, 2017 0

A former aide to the former president Goodluck Jonathan has reacted to the report released by SERAP in which the group claimed Goodluck Jonathan, Olusegun Obasanjo and Umaru Musa Yar'Adua wasted the sum of N11 trillion budgeted for the…

Government

This Is How Much Nigerians Spend On Generators Annually – Yakubu Dogara

Owolabi Oluwasegun Jul 19, 2017 1

The Speaker of the House of Representatives, Yakubu Dogara, has revealed that Nigerians spend an upward of $5 billion on generator annually in the country.The speaker who noted that the whopping sum is unacceptable revealed that the…

Business

Power Sector Posts N1.43 billion Loss In One Day To Production And Distribution Constraints

Tosin Jun 21, 2017 1

The power sector is said to have posted a loss of about N1.43 billion to constraints associated with grid and gas in one day (June 17, 2017), according to statistics released by the Presidential Advisory Power Team (PAPT) overseen by the…

Government

Revisit Power Sector Privatisation – Don Tells FG

Owolabi Oluwasegun Nov 2, 2016

Prof. Park Idisi, a lecturer from the Department of Agriculture, University of Abuja, has urged the Federal Government to revisit all sectors privatised to local and foreign companies.Idisi told the News Agency of Nigeria (NAN) on…

Metro

Blackout Forced Judge To Read Ruling In Darkness

Owolabi Oluwasegun Jun 29, 2016 0

The current all-time record drop in electricity supply has continued to wreak havoc especially for the masses.Manufacturers have cried out on the increased cost of production as the nation's fuel pump price stands at N145.A…

Government

One Year Is Not Enough – Fashola Pleads With Nigerians

Owolabi Oluwasegun Jun 14, 2016 0

Former Lagos state Governor now Minister of Works, Power and Housing, Babatunde Raji Fashola, SAN, has opened up on the challenges facing the nation's power sector.The Power minister in an interview with Channels TV yesterday admitted…

Government

‘Common Sense’ Senator, Ben Bruce Slammed on comments about Power drop

Owolabi Oluwasegun Apr 3, 2016 0

'Common Sense' Senator, Ben Murray Bruce has yet again involved himself in another bout of social media fracas following his tweet which reads;"This is the first time in my life that Nigeria or any other nation made history by producing…

Business

Blackout Looms as Labour threatens industrial action over sack of members by IKEDC

Owolabi Oluwasegun Mar 2, 2016 0

Following the sack of 400 National Union of Electricity Employees, NUEE, members last Friday, the Senior Staff Association of Electricity and Allied Companies, SSAEAC, and the Nigerian Union of Petroleum and Natural Gas Workers, NUPENG,…

Opinion

Fashola: Defining The Future Of Power Sector – By Uche Aneke

Asst. Opinion Editor Jan 25, 2016 0

In my earlier publication titled “Power Sector: the Great Expectations from Fashola” I did capture the point that Babatunde Raji Fashola has the right leadership quality to drive the power sector to success. In that piece I opined that this…

Opinion

Improvement in power sector: Kudos to Obasanjo

Desmond Orjiakor Oct 31, 2015 0

Every well-informed Nigerian living in the country since the second coming of the military in December 1983 knows that very little investment was made in the power sector until the Olusegun Obasanjo administration came on board on May 29,…

Government

Igali Defends Obasanjo, Accuses IBB, Abacha, Abdulsalami For Destroying Power Sector

Anthony Sep 9, 2015 0

Former military Heads of State, Generals Ibrahim Babangida, Sani Abacha and Abudulsalami Abubakar have been indicted for grounding the power sectors during their tenures.This is just as Permanent Secretary in the Ministry of Power,…

Government

Senate To Probe Obasanjo, Yar’Adua, Jonathan Over Power Sector Funds Mismanagement

Anthony Sep 8, 2015 0

As part of its oversight responsibilities, the Senate will today begin the probe into how former presidents Olusegun Obasanjo, Musa Yar'Adua and Goodluck Jonathan spent huge amount of money on the power sector with little to show for it.…

Business

Rot in Power Sector Cannot be Cleaned Up in Two Years – Discos

Jumoke Aug 9, 2015 0

The umbrella of the Association of Nigerian Electricity Distributors (ANED) has said that the decay in the power sector cannot be cleaned up in two years because it is an on-going investment programme for distribution companies.The…

Business

Power Transformation Advances As NDPHC Prepares To Add 4,200MV

Aliyu Kolo Apr 23, 2013 0

The National Integrated Power Project, NIPP, of the Niger Delta Power Holding Company (NDPHC) is expected to generate up to 4,200 megawatts. This is equivalent to 50 percent of the 9,000MW, which according to the transformation agenda,…