nigeria power sector news

Following inadequate gas, poor transmission infrastructure and shortage of distribution facilities, there has been a decline of Nigeria’s electricity supply from 3,993.65 megawatts, MW, to 3,608 MW. Vanguard reports that according to a statement released by the office of the vice president...

Buhari says his investments in the power sector will soon pay off for Nigerians. President Muhammadu Buhari has promised Nigerians they’ll enjoy affordable and uninterrupted electricity supply in the not-too-distant future. Nigeria has failed for decades to adequately supply electricity to its...

Vice President Yemi Osinbajo on Wednesday, September 25, 2019, said the federal government has pumped about N1.5 trillion in intervention fund into Nigeria’s power sector in the last two years. Osinbanjo said this at a power sector roundtable hosted by Mainstream Energy Solutions Limited...

Kabir Sabo’s sewing machine hums busily as he hems a “babariga,” a popular dress in northern Nigeria, in his small corner shop on the outskirts of Abuja... Read more via “nigeria” – Google News – https://ift.tt/2LIEfEc Get More Nigeria Metro News

Electricity: The Federal Government, Wednesday, disclosed that it was building power transmission line to link up some countries in the West African sub-region. Speaking in Abuja at the 2019 participants/key stakeholders interactive forum organised by the Market Operator, the Managing...

Power output from Nigeria’s generating companies (GenCos) dropped to 3,014.8 megawatts (MW), yesterday from a monthly average of 3,578MW in August, latest data from the National Control Centre (NCC), Osogbo, has shown. The post Power generation drops to 3,014.8MW as FG … Read more via The...

It will take not less than $100 billion, approximately N36 trillion, to enable stable power supply in Nigeria. This is according to the Electricity distribution companies (Discos). The Discos said the N36 trillion worth of investments will be needed over a period of 20 years. How the … Read...

The Nigeria Electricity Supply Industry, NESI, requires investments of over $100 billion in the next 20 years, if the country, Nigeria must have 24 hours of electricity supply daily, stakeholders in the power sector have said. The stakeholders spoke at a two-day power sector … Read more via...

Electricity generation in Nigeria dropped by 1,682mw on Monday from 4,129.2mw recoded on Sunday. According to the data from the Nigeria Electricity System Operator, an arm of the Transmission Company of Nigeria, power generation in the country was 2,441mw as of 6.00 am on Monday.... Read...

Nigerians are groaning again in darkness after the national electricity grid suffered a major failure on Wednesday, seizing power supply to homes amidst scorching weather conditions. The collapse has seen Nigeria’s electricity output dwindle to a meagre 230 megawatts or less for a population...

Nigeria’s perennially fragile electric power grid has collapsed again, subsuming an entire nation in swathes of darkness, crippling business activities and sending millions to gas stations to purchase petrol for noisy generators. According … Read more via Pulse Nigeria – Nigeria –...

CALABAR – STEADY power supply in Nigeria will continue to be elusive until the tariff paid by consumers is reviewed upwards to sustain high revenue inflow to power production and distribution companies. ... Read more via Vanguard News – http://bit.ly/2ZxKtvb Get More Nigeria Metro News

A subsidiary of the Nigeria Sovereign Investment Authority (NSIA), InfraCredit, has opened a N50 billion 600MW Shiroro Hydro Electric Infrastructure Green Bond to boost the plant and power generation nationwide. Launched in partnership with GuarantCo, KfW Development Bank and Africa Finance …...

Chineme Okafor, writes on how the federal government failed to deliver its promise of an additional 945 megawatts of electricity to the national grid by the end of 2018 In October 2018, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, had promised Nigerians that nationwide...

The Minister of Power, Works and Housing, Babatunde Fashola, has stated that in response to government’s call for private sector participation in the provision and installation of smart prepaid electricity meters as a way out of the crisis arising from estimated billing in the country, 108...

The Minister of Power, Works, and Housing, Mr Babatunde Fashola, says the Muhammadu Buhari administration has improved power supply in the last three years. He told Channels Television on Sunday that … Read more via Nairaland – http://bit.ly/2PW0chO Get More Nigeria Metro News

The N701billion payment guarantee initiated by the Federal Government to assist electricity generation companies (GenCos) in settling their obligation to gas suppliers as remittances from electricity distribution companies (DisCos) dwindles, will run out by … Read more via BusinessDay : News...

Stakeholders in the power sector have urged the Federal Government to review the power contracts agreement with the owners of the distribution and generation companies. They spoke to the News Agency of Nigeria, NAN, in Lagos on Thursday, November 1, 2018, against the backdrop of the company’s...

Minister of Power, Works and Housing, Babatunde Fashola, has declared that the government of President Muhammadu Buhari did far better than the previous governments that held sway for 16 years in power sector with generation of 1,000 Mega Watts (MW) per year since take over. The Peoples...

The Federal High Court in Lagos yesterday granted Socio-Economic Rights and Accountability Project (SERAP) leave to apply for an order of mandamus to compel the minister of Power, Works and Housing, Babatunde Fashola (SAN) to account for the spending in the power sector. The leave was granted...