Electricity: FG to make renewable energy investments attractive, profitable — ECN
…Eyes power generation from small rivers, solar cells from sand By Michael Eboh The Energy Commission of Nigeria, ECN, Tuesday, disclosed that the Federal Government has adopted strategies aimed at making investments in the renewable energy sector, especially for electricity generation, attractive and profitable for investors and the private sector. This was even as the […]
Fuel, electricity subsidies no longer feasible — FG
The Federal Government says under the prevailing economic conditions it can no longer afford fuel subsidy and supplementing electricity tariff. The Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed this at a media briefing in Abuja said the nation’s revenues and foreign exchange earnings have fallen by almost 60 percent due to the […]
FG secures $6.15bn for Nigeria’s power infrastructure
By Udeme Akpan The Federal Government has said that it has secured $6.15 billion for infrastructural development in the power sector. Minister of Power, Engr. Sale Mamman, who disclosed this in his report – One Year Anniversary: Key achievements – obtained by Energy Vanguard, stated: “I am glad to state that to date, $6.15 billion […]
President Buhari speaks on new prices of petrol, electricity
President Muhammadu Buhari Monday in Abuja assured Nigerians of the willingness and determination of the Federal Government to provide stable electricity to every home and industry, while considering the economic challenges before individuals, families and businesses, explaining that “implementation of a Willing buyer, Willing Seller Policy for the power sector has opened opportunities for increased […]
Electricity: Uncertainty, as DISCOs bid to pull out
By Udeme Akpan & Gabriel Ewepu Electricity Distribution Companies, DISCOs, have petitioned the Bureau of Public Enterprises, BPE, seeking to return the privatized power assets to government over what they considered as undue interference in their operations. Investigations by Vanguard, yesterday, indicated that their action was propelled by recent developments, especially the planned forensic audit […]
FG to fund electricity agency with N152bn in 2021
In spite of the public outrage over last week’s electricity tariff hike which the government said it was meant to fund electricity infrastructure, the federal government is set to spend additional N152.416 billion in funding the Nigerian Bulk Electricity Bulk Trading Plc in 2021.
