5 years after privatizing power sector, Nigerians, players in serious dilemma
Far away in November, 2013, the federal government unbundled the entire power sector into three key segments including generation, transmission and distribution. Whereas government retained the management of transmission, it handed over both generation and distribution to private sector that…
AfDB decries over $200m sunk in Nigeria’s power sector with disappointing results
President of the African Development Bank (AfDB), Dr Akinwumi Adesina, at the ongoing Africa Investment Forum (AIF) in Cape Town, South Africa, has decried the huge volume of both government and private investments including its $200m into the Nigerian power…
FG considering fresh options to save power sector means acceptance of failure
Nigerians have described recent pronouncement of the Federal Government through the Bureau of Public Enterprises (BPE) that it is considering a number of options, including cost-reflective tariffs and injecting new investors into the electricity distribution and generating companies as a…
Fashola’s comments raise tension, may alter 2023 presidential permutations if…
There seems to be no uniformity of purpose on futuristic calculations bordering on zones and presidential slots following what can be seen as clash of direction on 2023 presidential permutations even though 2019 is yet to come. Whereas a number…
Gencos, Discos have failed their agreements in powering Nigeria—Esele
Former President of the Trade Union Congress (TUC), Mr Peter Esele, has explained that against established timelines in the privatisation agreement sealed during the unbundling of Power Holding Company of Nigeria (PHCN), both the Gencos and Discos had failed to…
Discos void Minister’s comments, accuse him of distortion of industry facts
Following last week’s revelations by the Minister of Power, Works and Housing, Mr. Babatunde Fashola that key part of 11 Discos deal when PHCN was unbundled was the provision of meters to consumers’, the Executive Director, Research and Advocacy, Association…
Fashola warns Discos to rise to the challenges of emerging raining season
Though rainy season is when more power outputs are produced from dams, the Minister of Power, Works and Housing, Babatunde Fashola, has warned Discos and handlers of transmission arm of the power sector to rise to the challenges associated with…
NUPENG decries state of federal roads as FG claims spending N260bn on roads 3 years
The same trend of blame game meted out to former President Oluesgun Obasanjo administration by analysts that he spent over $16 billion on power and there is nothing to show for it is about to erupt on the current government…
Work begins on alternative route ahead of closure of Apapa/Ijora Bridge in Lagos
To avoid total shutdown of businesses at Lagos port complexes, AG Dangote and Julius Berger Construction companies have begun rehabilitation works on Leventis Road in Apapa so that on delivery, the access will serve as alternative route when the Apapa/Ijora…
FG building solar energy city in Jigawa as Seychelles became member of ISA
Considering the super conducive natural environment for the massive roll-out of solar panels, Minister of Power, Works and Housing, Babatunde Fashola, has revealed of Federal Government’s ongoing development of a Solar Energy City in Jigawa State. Research has shown that…
