Following initial criticisms that trailed the investment of $2.5 billion in the National Integrated Power Project (NIPP), the Managing Director of Niger Delta Power Holding Company (NDPHC), Chiedu Ugbo, has said that if the investment was not made, Nigerian power sector […]
Month: December 2022
Lack Of Investment, Managerial Capacity Crippling Nigerian Power Sector – Former TCN MD
The former Managing Director of the Transmission Company of Nigeria, TCN, Dr Usman Mohammed, has identified a lack of investment and managerial capacity as problems crippling the Nigerian Power Sector. Mohammed stated this in a ChannelsTV interview monitored by DAILY […]
REA Urges States To Invest In Power
The Federal Government has appealed to state governments to be proactive by investing in power to provide their citizens’ homes and places of work with adequate electricity supply. The Rural Electrification Agency Board member representing Southwest, Michael Oluwagbemi, urged states […]
TCN Seeks End To Transmission Challenges With 105 Projects, $2b Interventions
The Federal Government, through the Transmission Company of Nigeria (TCN) has completed about 105 projects between 2015 and 2022 in a move to strengthen substations and power transmission networks. Another $2 billion worth of projects funded by international donors, especially […]
FG Inaugurates Panel On Benue Power Plant Concession
The Federal Government has inaugurated a Project Steering Committee for the concession of the 1,650 megawatts hydropower plant in Makurdi, Benue State. The government said the plant, when completed, would not only address the energy shortfall across the country, but […]
Nigeria’s Raises Electricity Generating Capacity To 22,000 Megawatts
Nigeria has added at least 4000 megawatts of power to its generation capacity, bringing the total to 22,000 megawatts of its generated power available in the country, the Minister of Power, Eng Abubakar Aliyu, said on Tuesday. The ministry has […]
US-Africa Summit: Buhari Restates 30 Gigawatts Electricity Target By 2030
President Muhammadu Buhari has restated the Nigerian government’s target of generating 30 gigawatts of electricity by 2030. Buhari said this during a discussion panel on “Just Energy Transition” at the on-going US-Africa Leaders’ Summit in Washington DC. He outlined the […]
Nigeria’s Electricity Sector Risks Total Collapse On Forex Scarcity, Debts
Nigeria’s power sector is facing a herculean task meeting the electricity needs of Nigerians as most of the equipment needed are imported. All this, is due to inability of operators to get foreign exchange. As at the time of compiling […]
Lagos Wants Review Of National Power Sector Laws
Lagos State Government Commissioner for Energy, Olalere Odusote, has called for the review of the power generation and distribution laws to make the sector attractive to investors. He made the call at the Third Real Estate Market Place Conference and […]
