The development comes following data from NBS, where it said the Federation Account Allocation Committee (FAAC), disbursed the sum of N2.07 trn to the three tiers of government in February 2024 from the total revenue generated in January 2024.

Despite efforts of the federal government and others to improve performance in the power sector, Nigeria’s power generation dropped by 14 per cent, month-on-month, MoM to 3,475 megawatts, MW in March 2024, from 4,043MW in February 2024, due to prolonged problems, especially limited funding, low investment, inadequate capacity to generate, transmit and distribute adequate and stable supply to consumers.

The government accused the DisCos of not doing enough to improve supply despite the availability of power on the national grid.

THE Shell Petroleum Development Company of Nigeria  Ltd, said that Africa can unlock the potential of the energy sector and drive energy security, transition and economic prosperity by embracing partnerships, technological innovation and sustainable financing.

Converting your car to run on CNG offers several compelling benefits. Firstly, CNG is typically cheaper than gasoline or diesel, resulting in immediate savings on fuel expenses. 

The Nigeria International Energy Summit (NIES) has stated its resolve to integrate the Women in Energy Roundtable as a central pillar of its highly anticipated 7th edition, set to unfold from February 26th to March 1st, 2024.

“Following completion, Shell will retain a role in supporting the management of SPDC Joint Venture facilities that supply a major portion of the feed gas to Nigeria LNG (NLNG), to help Nigeria achieve maximum value from NLNG.”

He said, “I think that if subsidy is being paid, we should hear it from President Bola Ahmed Tinubu who clearly stated that subsidy is gone on May 29 2023. And we have also not heard from the group CEO of NNPC, Engineer Mele Kyari, and neither have we heard from the MD of NNPC Retail Limited. “

Olanrewaju said, “As far as the independent marketers are concerned, we don’t have plans or plans to increase fuel pump price.”

Barely 10 years after privatisation, Transcorp Power Limited, TPL, a single cycle 972MW installed capacity power generating plant, has generated over 29,574,447MWh, 29TWh, of energy to the national grid for transmission and distribution to many homes and industries in Nigeria and West Africa.

A former Group Executive Director of NNPC Limited and former Managing Director and Chief Executive Officer of Nigeria LNG Limited, Dr. Godswill Ihetu said there will be abundant PMS supply for Nigeria and the export market as the Dangote Refinery Units activate.

The Federal government has expressed commitment to deepening the utilisation of Compressed Natural Gas, CNG, Liquefied Petroleum Gas, LPG and other cleaner fuels for domestic and industrial purposes.

The Federal government has been urged to create funds for the establishment of small modular refineries, targeted at enhancing the refining and supply of petroleum products in Nigeria.

Saudi Arabia has signed a Memorandum of Understanding with Nigeria on energy-related cooperation.  

As the Nigerian Electricity Supply Industry (NESI) commemorates its 10th anniversary of privatization, Egbin Power Plc has described the milestone as a decade of trajectory progress of the power plant, resulting in greater contribution to the nation’s socio-economic growth.