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Amid Worsening Electricity Crisis, Power Firms Owe Banks N861.14bn

Amid Worsening Electricity Crisis, Power Firms Owe Banks N861.14bn   The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing the sector since it was privatised...

Presidency Meets With Power Firms Over Electricity Crisis

Presidency Meets With Power Firms Over Electricity Crisis   As the nation’s power sector remains in crisis mode, the Presidency has met with electricity distribution companies in a bid to resolve some of the issues affecting the electricity supply industry. It was gathered that the Chief of...

Why Electricity Crisis Lingers – Minister

The electricity crisis in the country is lingering because of the overreliance on gas for power generation and hydroelectricity, the Minister of Science and Technology, Dr. Ogbonnaya Onu, has said. Onu said this at the opening of a two-day workshop on Sustaining Energy for Action...