Power Grid Has Collapsed 108 Times After Privatisation – TCN     The nation’s electricity grid has collapsed 108 times after the power sector was privatised, data from the Transmission Company of Nigeria have shown. The TCN, which manages the national grid, is still fully owned and operated...

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...

COVID-19: FG Reduces N252bn Privatisation Target, N1.5trn Customs Revenue   The Federal Government on Wednesday announced that it had cut its revenue target from privatisation by 50 per cent. The Minister of Finance, Zainab Ahmed, made the announcement in a meeting between the executive arm of government...

Discos Deny Owing FG Tax Arrears After Privatisation   The power distribution companies (Discos) in Nigeria have denied owing arrears of taxes to the federal government since the power privatisation exercise ended in 2013. Their trade association – the Association of Nigerian Electricity Distributors (ANED), stressed that...

Five Years After Privatisation Blame Game Still Rocks Power Sector The nation’s power sector is still in crisis with operators trading blame, more than five years after privatisation. When the Federal Government handed over the nation’s electricity generation and distribution companies to private investors in November...

Reps Seek Reversal Of Ajaokuta's Privatisation The House of Reps has asked the Federal Government to cancel the privatisation of the Ajaokuta Steel Company Limited and revive it with the loot recovered from a former military dictator, the late Gen. Sani Abacha. Also, the lower chamber...