'N120bn Intervention Will Address Nigeria’s Electricity Challenges'
Stakeholders in the electricity sector, yesterday, said the Federal Government’s intervention in the power sector, especially efforts being made to address challenges limiting the capacity of distribution companies (DisCos) is necessary to improve electricity supply.
The experts also insisted...
FG Spends N568.5bn Yearly On Power Tariff Shortfalls – W/Bank
The Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said.
According to the global financial institution, this amount could further increase if...
Nigeria Businesses Lose $29bn Yearly To Poor Electricity – W/Bank
The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity.
It also observed that Nigeria had the largest number of people without access to electricity...
Labour Faults Fed Govt’s N50bn Monthly Electricity Susbsidy
Organised Labour has tackled the Federal Government over claims of subsidising electricity supply across the country for over N50billion monthly.
The administration of President Goodluck Jonathan privatised the electricity sector in November 2013 and handed it over to...
FG Mulls New Options To Deliver Prepaid Meters
The Federal Government has started considering new options in delivering prepaid meters to 60 per cent of consumers still being exploited through estimated billing in Nigeria.
In its ‘Consultation Paper on the Review of Meter Asset Provider’ obtained...
NDPHC Seals Pact On Power Supply To Togo
The Niger Delta Power Holding Company on Monday said it had signed a Power Purchase Agreement to supply electricity to Togo, a neighbouring country in West Africa.
According to NDPHC, a firm owned by the federal and state...
