Reps To Buhari: Declare Emergency On Power Sector   The House of Representatives has called on President Muhammadu Buhari, to declare a state of emergency in the power sector. The call followed the unanimous adoption of a motion on the power sector at the plenary on Thursday. A...

Power Sector: Govt’s N1.5trn Intervention Unsustainable, Ineffective - AfDB Government’s intervention in Nigeria’s power sector has not only been ineffective but also unsustainable, the African Development Bank has said. AfDB’s acting Vice President, Power, Energy, Climate Change and Green Growth, Mr Wale Shonibare, said this in...

CBN’s Support To Power Sector Now N1.695trn     The financial support provided by the Central Bank of Nigeria (CBN) to Nigeria’s power sector is set to hit a total of N1.695 trillion, making it the single largest creditor to the sector, an analysis of a report...

In Nine Months, Power Sector Loses N472bn   The Nigerian electricity supply industry lost a sum of N472.23bn between January and September this year, according to reports put together by the Advisory Power Team in the Office of the Vice President. The daily reports of the power...

FG’s Interventions In Power Sector Hits N1.5trn, Says Osinbajo   Despite the privatisation of Nigeria’s power sector, the Federal Government’s financial intervention in the industry has risen to N1.5trn, Vice-President Yemi Osinbajo, has said. He said this as indication emerged that no power distribution company in Nigeria...

Buhari Approves N600bn Intervention Fund For Power Sector   The power sector is going to get another intervention of N600bn from the Federal Government very soon. President Muhammad Buhari has signed for the release of the funds; it was gathered on Wednesday in Abuja. The Market Operator, Transmission...