Minister of Power, Works and Housing, Mr. Babatunde Fashola, SAN, has forwarded to the Socio-Economic Rights and Accountability Project (SERAP) documents providing some details regarding the names of contractors that allegedly collected money for electricity projects but failed to execute any...
The electricity distribution companies (Discos) have said the Central Bank of Nigeria (CBN) reserved just about N58.45 billion or 27.75 per cent of its N213 billion power sector intervention fund for the Discos, while the balance went to generation companies (Gencos) and gas suppliers. The …...
The electricity sector has recorded losses amounting to N187 billion as a result of inadequate gas, poor distribution and transmission as well as water reserves constraints.
Minister of Power, Works and Housing, Mr Babatunde Fashola The losses recorded between December, 2017 and May, 2018 has...
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