Daily Archives: August 4, 2017

Bank-of-Industry

Absence of Electricity, Constraint to Rural Development — BoI

Absence of Electricity, Constraint to Rural Development — BoI

The Bank of Industry has noted that the absence of electricity is a major constraint to social and economic development of rural communities in the country. A statement from the bank quoted its Managing Director, Mr. Olukayode Pitan, as saying this in his reaction to a United Nation’s award for sustainable development given to the

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More Manufacturers Go Off-grid to Reduce Production Cost

Notwithstanding a steady expansion across both manufacturing and non-manufacturing sectors as revealed by the latest Purchasing Managers’ Index (PMI), more manufacturers are expected to go off-grid as part of measures to reduce production costs and enhance competitiveness. The Manufacturers Association of Nigeria (MAN) is hoping to increase the number of its members on its own

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Government Blamed for Low Investments in Renewable Energies

The Federal Government should be blamed for the low investment in renewable energies and the lack of improvement in electricity supply in the country, Manager, Business Development and Strategies, Green Power Oversees Limited, Mr. Olumide Aina, has said. He said had the Federal Government developed and maximised potential in the renewable energies that are at

Manufacturers-Association-of-Nigeria-MAN

MAN Partners ASB Valiant on 30 Megawatts Plant

The Manufacturers Association of Nigeria has said it will partner ASB Valiant Company Limited to develop a 30-megawatts independent power plant to provide electricity to its member companies, The Punch reports. The plant, which will be located along the Lagos-Ibadan Expressway, is expected to supply power to MAN members and industries on the Makun corridor. MAN said

meters

FG Approves N39.17bn for Supply of Meters to DisCos

he Federal Government, yesterday, approved N39.17 billion for the supply of electricity meters to the Electricity Distribution Companies (DISCOs) which had previously been held under a judgment in court, Vanguard reports. Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this while briefing State House correspondents after the weekly Federal Executive Council (FEC), meeting at the

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Nigeria Plans to Extend Gas Supply to Cote d’Ivoire

Nigeria will extend gas supplies from its Escravos region in the Niger Delta all the way to Cote d’Ivoire through the West African Gas Pipeline (WAGP), the Nigerian National Petroleum Corporation (NNPC) has disclosed, reports This Day. NNPC disclosed the fresh plan to extend gas supplies to Cote d’Ivoire on the WAGP Wednesday when it

Electricity

Power Firms to Audit Customers Over N1 Trillion Revenue Shortfall

To curb the increasing revenue shortfall in Nigeria’s power sector, operators in the distribution arm of the industry, with the support of other participants in the market, have commenced a nationwide consumer enumeration  According to them, the financial shortfall in the sector has exceeded N1tn, as power generation companies are owed over N500bn; distribution firms

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