Tag Archives: Federal government

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Power Firms Blame FG for Under-Performance

Power Firms Blame FG for Under-Performance

Exactly three years after the privatisation of the nation’s power sector, electricity distribution companies have said the failure of the Federal Government to fulfill most of the commitments made to the investors has affected the performance of the sector. The Association of Nigerian Electricity Distributors, an umbrella body of the Discos, stated this at a

Aliko-Dangote

Dangote to FG: Reverse Power Privatisation

The President/CEO Dangote Group, Aliko Dangote has said the power sector privatisation was done wrongly and suggested it should be reversed. He said the problem in the power sector has persisted despite privatisation because the buyers lack understanding of the complexities of the sector. Dangote made the assertion as a guest lecturer at the Senior

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CBN-NEMSF: Lighting Up Nigeria

One major challenge facing Nigeria’s growth and development in recent times is electricity supply. It has been the bedrock of infrastructure needs of the real sector which is the engine of growth of any economy. Recent polls had also shown that most Nigerians believed that solving the power supply challenge of the country would be

Power Sector: Held Down by Old Habits

Despite assurances from government and industry operators, electricity supply has taken a consistent dip amid attacks on gas installations from resurgent militants, threatening President Muhammadu Buhari administration’s resolve to provide reliable energy to the populace. President Buhari recently made a pledge to add extra 10,000mw to the national grid by 2019. While stakeholders applaud government’s

electric-cables

Men Electrocuted to Death While Stealing Electric Cable in Owerri

Two men were found dead while stealing electricity cables in Orji Community, a nearby town in Owerri, the Imo State Capital. According to reports, the suspected thieves reportedly went to steal electricity cables connected to a transformer around 2am on the fateful day, but got electrocuted in the process. Electricity was reportedly restored while they

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Nigeria’s Power Privatization Nears Collapse as DisCos Record N300b Shortfall

Darkness looms across the country as the total amount of power available to the Transmission Company of Nigeria, TCN, to distribute to homes and offices across Nigeria has dropped to 1,400 megawatts, MW, as at 12 midnight, Tuesday 17th, May, 2016. This was disclosed yesterday by the System Operation/ Market Operation Department of the TCN

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Only 3.2 Million Nigerians Metered Since Power Privatization

The Association of Nigerian Electricity Distributors yesterday said estimated 3,283,402 million customers were metered since November 1, 2013 when the Power Holding Company of Nigeria (PHCN) was privatized. The current number of metered customers has brought down the metering gap of customers in the country, according to Barrister Sunday Oduntan, the association’s Executive Secretary. Oduntan,

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Lighting up Nigerians’ Lives through Mobile Power

Connecting the dots between the cell phones and solar energy, MTN and Lumos have expanded their offering of a mobile payment electricity service in Katsina state, Nigeria. The system includes a large solar panel linked to an indoor storage unit that allows customers to access on-demand, power. The service is provided on a lease-to-own basis,

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