World Bank Approves $750m For Nigeria’s Power Sector     The World Bank has approved a $750 million International Development Association credit for Nigeria’s Power Sector Recovery Operation. This was contained in a statement issued by the bank on Wednesday. The statement quoted World Bank Country Director for Nigeria,...

FG Tasks NBET Board To De-risk Power Sector     The Federal Government, yesterday, reconstituted the Board of the Nigerian Bulk Electricity Trading Company (NBET) and charged the members to explore all options of de-risking the power sector for value addition to the country. The Minister of Finance,...

Nigeria Loses $29bn Yearly To Power Sector Failure – Lawan   The President of the Senate, Ahmad Lawan, said on Monday that Nigeria was losing an average of $29bn to power sector failure. Lawan stated this in Abuja while declaring open an investigative public hearing on the...

Our Plan To Rescue Power Sector - Finance Minister     The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, reeled out the recovery plan of the Federal Government to save the power sector from collapse. Ahmed spoke at an investigative public hearing organised...

Senate Investigates N1.8trn Spent On Power Sector Intervention   The Senate Committee on Power said on Thursday that it had concluded plans to execute a three-day investigative hearing on the operations of the power sector since privatisation in 2013. Specifically, the panel said it had the mandate...

Privatisation Has Exposed Power Sector Weakness, Says Gencos     Electricity generation companies in the country have said the privatisation of the power sector has exposed the inherent structural weakness in the sector. The Gencos said they had continued to perform in line with industry agreements despite the...