Power Sector Reform Vital For Growth - FG
The Minister of State for Power, Goddy Jedy-Agba, has rated the Rural and Electrification Agency high for having impactful projects across the six geopolitical zones of the federation.
Jedy-Agba, who said this in a chat with journalists on...
Any Sabotage over Nigeria's Unending Grid Collapse, by Musa Musa Ilallah
It will indeed be not strange, or suprising, if Nigerians wake up one morning and hear that there is another nationwide power or grid collapse. What will however be strange or surprising to Nigerians...
Despite N1.52trn Bailout, National Grid Collapses 98 Times Under Buhari
Nigeria’s available power generation capacity fell by 981.8 megawatts between 2015 and August 2022 despite the over N1.51tn intervention in the sector by the Federal Government since the current administration came on board in 2015.
This...
Power Sector Loses N420bn Annual Revenue – Gencos
The monthly shortfall in revenue remittances to the power sector stands at N35bn, the Executive Secretary of the Association of Power Generation Companies, Joy Ogaji, said on Thursday. This amounts to N420bn yearly.
APGC is the umbrella body...
Osinbajo Says FG Is Ready To Resolve Tariff Shortfalls In Power Sector
The Vice President, Prof. Yemi Osinbajo has assured Nigerians that the inauguration of a board for the Nigeria Electricity Liability Management Company (NELMCO) would enhance ongoing efforts to resolve liabilities relating to tariff...
Power Firms Owe Banks N820bn Amid Sector's Lingering Problems
The debt owed to Nigerian banks by operators in the power sector rose by 11.85 per cent in one year to N819.97bn in August this year amid the lingering problems plaguing the sector since it was...
