FG Borrowed N1.3trn In Four Years To Subsidise Power Consumers - W/Bank
The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said.
The bank said...
Tariff Implementation: Nigeria’s Power Sector Faces Bleak Future — GENCOs
Power Generating Companies, GENCOs, has said that the constraints bewildering Nigeria’s power sector are so vast that they may end up forcing it to comatose.
The GENCOs reaction is coming against the backdrop of the recent...
Electricity: In 10 Months, Nigeria Loses N243bn
Nigeria recorded losses in power generation volume valued N243 billion between January and October this year. This is contained in the October 2020 electricity generation statistics released by the Association of Power Generation Companies (APGC), the umbrella body...
Power sector operators have advised states governments to develop capacity of becoming “eligible customers’’ to procure premium power direct from Generating Companies (GenCos).
The operators also encouraged states governments to appoint energy advisers to ensure understanding of the sector before formulating power policies.
These were part...
The Association of Electricity Distribution (ANED) in Nigeria has faulted the statement credited to a business mogul, Alhaji Aliko Dangote, the president of Dangote group that the power privatization should be reversed by the federal government.
Dangote had last week in Jos said that the...
