Nigeria’s quest for regular power supply may not be achieved in the nearest future as the distribution companies, DISCOs, still battle to cope with several failed expectations from the underlying agreement behind the electricity industry performance milestones.

Amidst complaints of recession, hostile business environment and lack of foreign exchange, an indigenous Nigerian company has promised to give Nigerians 24 hours a day, seven days a week electricity supply.

Mr. Oscar Onyema, the Chief Executive Officer, Nigerian Stock Exchange, NSE, has expressed confidence in NIPCO’s ability to ensure continuous investors interest in the capital market following its recent acquisition of 60 per cent stake in Mobil Oil Nigeria (MON).

Nigeria’s power sector has just gone from bad to worse. The long standing problems have become complicated.

The industrialization dream of the Federal Government will only be realised when the country develops a critical mass of skilled people, the Managing Director of Total Upstream Companies in Nigeria, Nicolas Terraz said.