Headlines

Ministers seek unified effort to drive economic growth through power sector

DailyTimesNGR DailyTimesNGR 9 August 2024 0

Some ministers have stressed the significance of the power sector in achieving economic growth and industrialisation. This is contained in a statement issued by Mr Bolaji Tunji, Special Adviser to the Minister of Power on Strategic Communication and Media Relations, in Abuja on Thursday. The

Headlines

‘FG has not been funding power sector subsidy’

DailyTimesNGR DailyTimesNGR 10 April 2024 0

…Tariff hike not reflective of Nigerians economic realities By Ben Azuka A stakeholder in the electricity power sector has said that the Federal Government’s inability to fund the payment of electricity subsidy is hampering the growth of the sector. Recently, the Federal Government through the NERC increased the electricity tariff from N58 to N258 per […]

Headlines

FG moves to resolve tariff shortfalls in power sector

Ihesiulo Grace 22 August 2022 0

By Motolani Oseni and Ukpono Ukpong In an ongoing effort to resolve liabilities relating to tariff shortfalls for distribution companies, among other challenges plaguing Nigeria’s power sector, the Federal Government of Nigeria has inaugurated a board for the Nigeria Electricity Liability Management Company (NELMCO), Nigeria’s Vice President, Prof Yemi Osinbajo has

Headlines

ASUU strike: Blackout looms as workers threaten to shut down power sector

Ihesiulo Grace 11 July 2022 0

BY BENJAMIN OMOIKE Workers in the power sector have threatened to shut down electricity supply in the country should Nigeria Labour Congress (NLC) declare a nationwide protest over the protracted industrial crises in the country’s educational sector. Under the aegis of the National Union of Electricity Employees (NUEE), the workers argued that the carefree attitude […]

News

Nigerians will soon begin to experience turnaround in power sector – Minister

Ihesiulo Grace 29 October 2021 0

The Minister of Power, Engineer Abubakar Aliyu, believes Nigerians will soon begin to experience a turnaround in the power sector. In a statement commemorating his 50th day in office, Aliyu said the Federal Government is aware of the challenges facing the sector and is working to resolve them. He noted that the government is focusing […]

News

‘Why power sector is still idle despite N1.5tr push’

Ihesiulo Grace 26 January 2021 0

TUNDE SHORUNKE Despite N1.5 trillion federal government support for it over the years, the current power sector has remained comatose. The intervention, aimed at boosting the performance of operators in the power value chain, was expected to improve the outputs of players in the sector. Speaking on why the sector has not performed as expected, […]

Business News Power & Energy

Energy initiative delay kills firms

Ihesiulo Grace 14 August 2020 0

By Philip Clement, Abuja Textile, manufacturing and agricultural enterprises in the country have collapsed under costly, unstable and inefficient industrial fuel as the Federal Government drags its feet on a critical energy sector initiative, according to our reports. Hardest hit are companies in northern Nigeria. It has, therefore, been argued that gas is central to […]

News

Why Nigerian Power Sector May Remain In Darkness

Ihesiulo Grace 27 July 2020 0

Millions of Nigerians may have to endure low power generation and distribution. This is because nine of the nation’s 27 power plants have been idle, leaving a total generation capacity of 2,079.1 megawatts stranded. Thus, the total power generation in the country stands at 3,269.6MW. Recent figures obtained from the Nigerian Electricity System Operator showed […]

Featured Headlines News

NLC commends Senate for rejecting electricity tariff hike

Ihesiulo Grace 1 July 2020 0

…Demanding reversal of power sector privatisation The Nigeria Labour Congress (NLC) has commended the Senate for calling off the threat by Electricity Distribution Companies (DisCos) to hike the electricity tariff and also demanding reversal of Nigeria’s power sector privatisation programme. In a statement sent to the Daily Times, the NLC President, Ayuba Wabba, said

News Politics

Call SGF Boss Mustapha to order, power sector stakeholders urge President Buhari

Ihesiulo Grace 24 May 2020 0

A coalition 21 civil society stakeholders drawn from National Power Sector Stakeholders’ Forum has urged the President to call the Secretary to Government of the Federation, Mr Boss Mustapha to order for what they described as an alleged undue thirst for power and of usurpation statutory powers of cabinet ministers for alleged pecuniary reasons. After […]

Featured Headlines News

Senate probes N1.532trn power sector intervention

Ihesiulo Grace 20 May 2020 0

…Wants privatisation of sector revoked if constant electricity can’t be guaranteed …Seeks suspension of planned tariff increase scheduled to take effect July 1 …FG sacks TCN MD, names successor, confirms appointment of 4 directors The Senate on Tuesday mandated its committee on Power to probe the utilisation of the N1.532 trillion intervention funds

Featured Headlines

Nigeria can generate up to 13,000 megawatts of electricity but … – Mamman

Ihesiulo Grace 20 February 2020 0

The Federal Executive Council (FEC) on Wednesday resolved to address the problems facing the nation’s power sector to boost electricity supply across the country. The Minister of Power, Malam Sale Mamman, made this known when he briefed State House correspondents on the outcome of the Council meeting, presided by President Muhammadu Buhari, at the Presidential […]

Business

Power sector privatisation marred by grand corruption, says Ajaero

Ihesiulo Grace 18 December 2019 0

The General Secretary of the National Union of Electricity Employees (NUEE), Comrade Joe Ajaero has said that the privatisation in power sector was not meant to succeed, but to fail due to the fact that the move has remained unchecked for two decades. Comrade Ajaero disclosed this at the 6th Quadrennial/11th National Delegates’ Conference in […]

Business Featured Headlines News

Power: Anxiety as FG sets to borrow fresh $3bn

Ihesiulo Grace 21 October 2019 0

…N5.864trn spent so far by OBJ, GEJ, Buhari to rejuvenate sector with little to show …Stakeholders bemoan unimpressive power supply, demand improved supply …Our challenges, by TCN, GenCos, DisCos There is anxiety across the country following the Federal Government request of a fresh $3 billion loan from the World Bank to reform the power sector. […]

Business Energy News Power & Energy

Renewable energy capable of improving Nigeria’s economy – Experts

Ihesiulo Grace 15 October 2019 0

Some stakeholders in the power sector have said that the country’s economy will be better improved if Nigerians harness the potentials in renewable energy. They mentioned this on the sideline of a free solar installation training workshop held on Saturday in Ibadan. The training programme was organised by Techfine and Nexgen Energy partners for no […]

Business Economy Politics World

UNGA:We need private investment in power sector -LASG

Ihesiulo Grace 25 September 2019 0

The Lagos State Government has called on private investors to assist the state in the provision of 9,000 megawatts to enable it transform the economy of the state. Gov. Babajide Sanwo-Olu made the call at the Corporate Council on Africa Forum on the sideline of the ongoing 74th Session of the United Nations General Assembly […]

Business News Power & Energy

BEDC turns out 134 trainees to improve service delivery

Ihesiulo Grace 13 September 2019 0

BEDC Electricity Plc (BEDC) has turned out another set of 60 Graduate Trainees and 74 Technician Trainees for its 2018/19 edition in its quest at improving service delivery to customers and bridging skills gap in the power sector. It also announced take-off locations for the Meter Asset Provider (MAP) scheme in Delta state. Managing Director/CEO, […]

Labour News

Labour rejects moves for electricity tariff hike

Ihesiulo Grace 27 August 2019 0

…says Nigerians can’t continue paying for darkness Ukpono Ukpong – Abuja Frowned by media reports of Federal government’s plans to divest 40% of its shares in DISCOs and GENCOs, the organized labour has warned against any move to increase the electricity tariff noting that Nigerians rarely gets power in their houses even as factories are […]

Business

Why epileptic power supply may be difficult to address in Nigeria

Ihesiulo Grace 21 May 2019

…DISCOs need over N3.07trn investments to boost services …As FEC Okays CBN intervention fund extension for GenCos Motolani Oseni There is a great concern that epileptic power supply currently experiencing by most parts of the country may not be addressed in the coming years, as the 11 power distribution companies (DISCOs) in Nigeria on Monday […]

Energy Headlines

Power sector loses N324.3bn in 8 months

Ihesiulo Grace 24 August 2018 0

Nigeria power sector has lost not less than a whopping N324.3 billion this year, due to gas constraints and poor distribution network, latest data from the advisory power team in the office of Vice President Yemi Osinbajo has shown. The latest power generation report, showed that 3,700 megawatts (Mw) of electricity could not be generated […]