Western Firms Planning $5bn Investment In Power Sector       A consortium of Western investors has presented their plan to invest over $5bn in Nigeria’s power sector, the Federal Government has said. According to information obtained from the Office of the Minister of Power in Abuja on Sunday,...

Electricity: Schneider Moves To Cut Nigeria’s Power Sector Loss     In a bid to mitigate power sector losses as a result of system downtime limiting the availability of electricity in Nigeria, Schneider Electric, has launched a range of solutions that adapted to the Nigerian environment. Power...

FG Okays N2.373trn For Power Sector Reform       The Federal Government has set aside the $6.15 billion (about N2.373 trillion) secured from the World Bank, the African Development Bank (AfDB), Siemens and others for the reformation of the power sector. The Minister of Power, Sale Mamman, who...

Power Sector Loses N468.4bn As Hitches Stall 33,122MW       Gas, transmission, distribution and other constraints made Nigeria’s power sector to lose about N468.4bn between January and August 21 this year, latest documents on the industry’s performance have shown. Also, the constraints in the sector stalled the production...

House Decry Unending Power Sector Crisis, Failed Privatisation     The House of Representatives has decried the perennial crisis in Nigeria’s power sector. They, at the beginning of a two-day investigative hearing on the Nigerian Power Sector in Abuja on Wednesday, also declared that various efforts by successive...

Power Sector Loses N356.49bn As 4,000MW Stalled Daily Between January and June 2020, Nigeria’s power sector lost N356.491bn as a result of three major constraints. About 4,000 megawatts-hour/hour of electricity was constrained daily in the power sector in the past six months, resulting in a cumulative...