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Tag Archives: Power sector

June, 2020

  • 9 June

    Gbajabiamila Inaugurates Ad-hoc Committee On Power Sector Reforms

    Speakership: Sue CUPP Over Perjury Allegation, Law Group Tells Gbajabiamila

    Femi Gbajabiamila, Speaker of the House of Representatives, on Tuesday inaugurated the House Ad-hoc Committee on Power Sector Reforms, charged with the responsibility of undertaking a holistic review of the power sector in Nigeria and recommending appropriate legislative action to the House. Read Also: Nine ‘Yahoo Boys’ Jailed In Abeokuta Gbajabiamila …

March, 2020

  • 7 March

    FG Appoints Osinbajo, El-Rufai As Members of Power Sector Reform Group

    Osinbajo

    President Muhammadu Buhari has approved the composition of a Power Sector Reform Coordination Working Group, under the leadership of Vice President Yemi Osinbajo. Read Also: I Wish I Started Criticising Ayade Earlier, Says Agba Jalingo This was disclosed in a statement signed by Nasir El-Rufai, Governor of Kaduna State and Chairman …

February, 2020

  • 17 February

    Power Sector Loses N19.15bn In 10 Days

    About N19.15bn has been lost in the power sector in 10 days due to constraints from insufficient gas supply, distribution and transmission infrastructure. Read Also: Coronavirus: Nigerians Trapped In Wuhan Beg Air Peace Boss, Onyema, For Help The losses were recorded in the 10 days to February 14, 2020, according …

  • 14 February

    Power Sector Recorded N1.7trn Tariff Shortfall In Four Years – NERC

    The Nigerian Electricity Regulatory Commission (NERC) says the power sector recorded ₦1.72 trillion tariff-related revenue shortfall from 2015 to 2019. Read Also: Over 1,700 Health Workers Infected With Coronavirus In China The commission said this in a newly released consultation paper on the proposed extra-ordinary tariff review of the MYTO-2015 tariff …

January, 2020

  • 24 January

    FG Spent Over N1.7trn On Power Sector In Three Years – Report

    The Federal Government has spent over N1.7 trillion on the power sector in the last three years, a report submitted to the National Economic Council (NEC) on Thursday shows. Read Also: Boko Haram, ISWAP Fight Over Abducted Christian Women A committee, led by Nasir El-Rufai, Kaduna State Governor, to investigate the …

September, 2019

  • 25 September

    FG’s Intervention Fund In Power Sector Now N1.5tn, Says Osinbajo

    Vice President, Professor Yemi Osinbajo, has declared that the federal government has spent N1.5 trillion as intervention fund in the power sector. Osinbajo said this on Tuesday, during a power sector event at Kainji Hydro Power Plant in Niger State.  The vice president, who was represented by the Minister of …

  • 23 September

    Crisis Looms In Power Sector As NBET, GenCos Disagree On Service Charge

    The Electricity Generation Company (GenCos), at the weekend, threatened they may abandon their duties, if the Nigeria Bulk Electricity Trading Plc (NBET), insists that thermal GenCos must pay 0.75 per cent administrative charge on transactions. NBET will make an estimated N2.7 billion from disbursement of  the N600 billion power sector …

August, 2019

  • 21 August

    FG Injects N600bn Into Power Sector

    The Federal Government has unfolded plans to inject the sum of N600bn intervention in the power sector.  PUNCH reports on Wednesday that President Muhammad Buhari signed for the release of the fund. Edmond Eje, Market Operator, Transmission Company of Nigeria, disclosed this while speaking on the sidelines of the third …

March, 2019

December, 2018

  • 13 December

    FG Not To Blame For Power Sector Woes – Fashola

    Babatunde Fashola, the Minister of Power, Works and Housing, has stated that the Federal Government cannot be held responsible if Nigerians do not have electricity especially since the sector was privatised. The former Lagos State governor said this at the Nextier Power Dialogue on Wednesday night in Abuja. “There are …

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