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Nigeria: Federal Government to Issue N10.6 Billion Green Bonds to Finance Renewable Energy Projects

Nigeria: Federal Government to Issue N10.6 Billion Green Bonds to Finance Renewable Energy Projects

Ms. Patience Oniha, the Director-General, Debt Management Office (DMO), says the Federal Government is planning to issue N10.6 billion green bonds to finance renewable energy projects to protect the environment. Oniha said this in Abuja on Thursday at the Nigeria Green Bond Investors Forum, organised by the Federal Ministries of Environment and Finance, in collaboration

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Nigeria Needs $6 Billion to Fix Gas Supply Gap — Operators

Gas supply challenges abound in various sectors of the Nigerian economy, as the country needs about two billion standard cubic feet of gas to meet its gas demand, operators in the industry have said. In order to address gas supply challenges, they noted that about $6bn would be needed for infrastructure development that would include

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Connecting Manufacturers with Unused 2,000 Megawatts Of Electricity

Recently, the Federal Government was reported to have disclosed that it would connect manufacturers and industrial clusters to 2,000 megawatts unused electricity. The disclosure was made by the Minister of Power, Works, and Housing, Mr. Babatunde Fashola at the monthly power sector operators’ meeting held in Lokoja, Kogi State. The government’s action is contained in

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Power Generation Hits Highest Levels this Month

Nigeria recorded the three highest power generation figures for the first time in her electricity generation history, a report from the office of Vice President Yemi Osinbajo has disclosed. The power generation figures, which were recorded in three days of the first two weeks of December were 5,156 megawatts(MW), 5,077MW and 5,103MW Obtained last night

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NBET Disburses N14 Billion to Power Producers from Foreign Buyers

The Nigerian Bulk Electricity Trading Plc has received and commenced the disbursement of a total of $46.64m (N14.3bn at N307 to one dollar) international customers’ payment to power generation companies across the country. It was gathered in Abuja on Wednesday that NBET received $16.06m from Nigeria’s Electricity Market Operator last week, in addition to the

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Our Minimum Target For 2018 is to Deliver all Available 7, 000 MW to Nigerians – NDPHC

The Managing Director, Niger Delta Power Holding Company (NDPHC), Engr Chiedu Ugbo has stated that the agency is working in collaboration with other stakeholders in the power sector to ensure that the Nigerian Electricity Supply Industry (NESI) has a distribution system capable of taking all the over 7, 000 MegaWatts of electricity currently being generated

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$9.2 Billion Off-Grid Electrification Opportunity Lies in Nigeria

A new collaboration between the Nigerian Rural Electrification Agency (REA), the World Bank, and the Rocky Mountain Institute (RMI) has found that Nigeria is the nation that could unlock the nascent mini-grid market in Africa. The joint analysis found that developing off-grid alternatives to complement the grid creates a $9.2billion/year (N3.2trillion) market opportunity for mini-grids

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