To address Nigeria’s power needs, the present administration must address issues bordering on its regulatory framework, by developing consistent and favourable policies to attract local and foreign investment into the nation’s power sector. This was the view of Wartsila’s Managing […]
AfDB Approves $210m for TCN to Build, Rehabilitate Transmission Lines
The board of the African Development Bank (AfDB) has approved $210 million for the Transmission Company of Nigeria (TCN) to build new electricity transmission infrastructure in the North-west, South-south and South-east regions of Nigeria. The transmission projects will be built […]
Nigerians, Businesses Languish in Power Outage as $900m is Needed to Cover Pre-electric Meter Gap
A total sum of $900 million (about N324 billion) has been projected to fund pre-paid electricity meter requirement in Nigeria. This was disclosed by Mojec Meter Assets Management Company, one of the major electricity meter producers in Nigeria, which also […]
Electricity: Govt’s N1.5tn Intervention Ineffective, Unsustainable Says AfDB
Government’s intervention in Nigeria’s power sector has not only been ineffective but also unsustainable, the African Development Bank has said. AfDB’s acting Vice President, Power, Energy, Climate Change and Green Growth, Mr Wale Shonibare, said this in an interview with […]