Industry People articles


Fashola: ‘Power Sector Is In Transition’

Fashola: ‘Power Sector Is In Transition’

Minister of Power, Works and Housing, is this your ministry not unwieldy? It used to be three separate ministries.  I don’t think so. The emerging practice now is that ministries that relate to infrastructure are being merged for integration. They often depend on one another and when one needs to do something like building an


Electricity Sector Needs $7.7 Billion Investment, Says Stakeholders

Stakeholders in the Nigerian power sector have put additional investment needed for uninterrupted power supply at $7.7 billion. Besides, they also stressed the need for the Federal Government to make available the N100 billion promised as subsidy to assist in the rehabilitation of power plants in the country. Speaking at the Natural Gas Business Forum

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N931bn Revenue Gap Destabilises Electricity Since 2015

A power sector shortfall of N931bn accumulated since 2015 has compounded the power outage issue in Nigeria, industry statistics and experts have noted. This is as 24 power Generation Companies (GenCos) are yet to be paid N340bn in the electricity market, thereby blocking further chances of getting enough gas to generate electricity. According to the

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Kachikwu Seeks Shell’s Investment in Power Sector

Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has urged oil giant, Royal Dutch Shell to explore the numerous opportunities that exist to invest in Nigeria’s lucrative power sector. Kachikwu made this call during a working visit to the Shell Headquarters in The Hague, Netherlands, in furtherance of his commitment to achieve


Why Nigeria’s Power Sector Is Unattractive to Investors – Nnaji

A former Minister of Power, Prof. Barth Nnaji, on Thursday said Nigeria’s power sector is not attractive to investors because of harsh operational environment and regulatory challenges. Nnaji, who is the Chairman of Geometric Power Limited, spoke at the Natural Gas Business Forum in Lagos. The workshop, organised by the Nigerian Gas Association (NGA), has

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