Electricity grid. PHOTO: www.iroy. Drama, intrigue and mixed feelings are a few words that best describe the energy sector in Nigeria in 2021, considering the lingering face-off between labour and government over the proposed increase in tariff and pump price […]
Month: December 2021
Discos Suffer Load Reduction As Power Generation Sheds 571.5MW
There was a reduction in electricity load allocation to some distribution companies on Tuesday as power generation on the grip dropped by 571.5 megawatts when compared to what was generated the preceding day. Industry figures seen on the 24-hour Grid […]
Raising Electricity Tariffs Will Worsen Inflation, World Bank Warns
Ayhan Kose Nigeria and other emerging economies have to think twice before raising electricity tariffs as such steps will push inflation in 2022, World bank has warned. In its latest Commodity Markets Outlook forecast, the World Bank indicated that prices […]
Nigeria’s Nuclear Power Option: Better Late Than Never
The World Bank recently described Nigeria as oil rich but energy poor. The energy poverty described by the bank is at the root of the 33.3 per cent unemployment rocking the economy. Millions of the people in the labour market […]
Nigeria’s Electricity Sector Accidents Hits 167
ELECTRICITY accidents in Nigeria’s power sector have dropped by 27 percent to 167 incidents in the first half of 2021, (H1’21), from 228 incidents recorded in the corresponding period of 2020, according the quarterly reports of the Nigerian Electricity Regulatory Commission, […]
ANALYSIS: Reviewing Nigeria’s power sector in 2021
Experts believe that much progress could be achieved in the power sector in 2022, especially if the government is able to follow through with its deal with German electricity giant, Siemens Group. Electricity lines [Photo: RETA – WordPress.com] Access to […]
Nigerians Face Bleak Xmas Holidays as Severe Gas Shortages Hit Power Sector
The already beleaguered power sector faces even more challenges this yuletide season with severe gas shortages hitting a number of the country’s electricity supply assets, THISDAY learnt yesterday. Aside the breach of the Trans-Forcados pipeline, it was gathered that the […]
Nigerians Spent N259.7bn On Electricity in 3months Amid Epileptic Supply
Electricity …FG to pay N129b subsidy as DisCos remits N130b The Service-Based Tariff (SBT) introduced by the Nigerian Electricity Regulatory Commission (NERC) has in the second quarter of the year, pushed electricity consumption in the country to N259.7 billion although […]
How To End Power Sector Debt Crisis
File photo: A power transmission Substation THE drama playing out at the Abuja Electricity Distribution Company over reported unpaid debts and a new Central Bank of Nigeria report indicating a combined indebtedness of about N820 billion by power firms refocus […]
How To End Power Sector Debt Crisis
File photo: A power transmission Substation THE drama playing out at the Abuja Electricity Distribution Company over reported unpaid debts and a new Central Bank of Nigeria report indicating a combined indebtedness of about N820 billion by power firms refocus […]
