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...

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...