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Tag Archives: Babatunde Fashola

NERC mulls new rules, capital limits for power sector investors to tame poor deliveries

nerc logo

Considering observed failures and poor growth in the power sector, the Nigerian Electricity Regulatory Commission (NERC), will soon rollout new recapitalization guidelines that must be met by prospective investors in the power sector. Having indentified paucity of fund as a major setback in the industry, the Commission recalled that successor companies of the Power Holding Company of Nigeria (PHCN) were ...

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Nigerians disagree over plans by power firm to export electricity

Babatunde Fashola

A communiqué issued at the end of the 14th monthly meeting of the Minister of Power, Works and Housing, Mr. Babatunde Fashola, with operators of the power sector, at the National Control Centre, Osogbo has hinted plans by a private electricity generating company, Paras Energy & Natural Resources Development Limited, to sell some megawatts of electricity outside Nigeria. But Nigerians ...

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TCN has driven national grid capacity from 500 MWs in 2013, to 6,500 MW

fashola switches op transmiter

Contrary to speculations in some quarters that the Transmission Company of Nigeria (TCN) has become the main challenge in the process of power development in Nigeria, the company wholly owned by the federal government has reacted, saying it has done well in line with the Act establishing it in the last three years. The General Manager, Public Affairs, Seun Olagunju, ...

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Group petitions ICPC over Fashola’s silence on alleged N166bn contracts

Babatunde Fashola

After several efforts to get clear answers to questions posed, the Civil Society Network Against Corruption (CSNAC) has petitioned the Independent Corrupt Practices (and other related offences) Commission (ICPC) to commence investigation on issues around the Bureau of Public Procurement’s query to the Minister of Works, Power and Housing, Babatunde Fashola, over the award of contracts worth N166 billion. The ...

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Deliver power sector now or resign, enough of reasons, counter reasons, CD tells Fashola

fashola switches op transmiter

The intractable epilepsy hobbling the nation’s power supply and mainly the South East zone has attracted the attention of Campaign for Democracy (CD), forcing the body to give the Minister of Power, Works and Housing, Babatunde Fashola (SAN) up till 30 days from now to fix the ailing sector or resign his appointment as a minister immediately. In a communiqué ...

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