‘BPE’s stand on Discos makes it accomplice in their poor performances’
Industry experts have picked deep holes in what they describe as the strange of the Bureau of Public Enterprises (BPE) in opposing the reversal of the privatisation of the country’s power sector. Before now, every stakeholder in Nigeria’s power project…
Corruption delaying BPE’s review of Discos’ performance, experts tell Minister
More power stakeholders’ have joined in the protest against the official delays by the leadership of Bureau of Public Enterprises (BPE) to review the performance of the electricity distribution companies in the country. It should be recalled that during the…
Poor regulation, disincentive frustrating power plant licensees—Nestoil ED
An Executive Director at Nestoil, and top stakeholder in the Nigerian Gas Association (NGA), Dr Chukwueloka Umeh, has revealed why upon the issuance of about 100 licenses to investors in power plant, only one licensee has delivered. Speaking with media…
Privatisation of power distribution designed to fail—NERC former boss
Former chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi, has once again, argued that the entire unbundling of former Power Holding Company of Nigeria (PHCN) in November 2013 and the subsequent privatisation of the power distribution segment…
$1bn loan: TCN’s revelations on Gencos, Discos send warning signal to W’Bank
Barely two weeks after the Minister of Finance, Mrs Zainab Ahmed met with officials of the World Bank for $1bn power sector revival loan at the Spring Meeting of the bank and IMF in New York, the Managing Director/Chief Executive…
Politics played on privatization of steel firms, PHCN killed manufacturing—Innoson boss
Chairman of Innoson Vehicle Manufacturing (IVM) Innoson Group, Dr. Innocent Ifediaso Chukwuma has given a graphic diagnosis of the challenges of the heavy manufacturing sub sector of the Nigerian economy. In an interview, he revealed that the epileptic growth and…
