A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
The Federal Government and Siemens Limited, Nigeria, recently sealed an agreement to reduce power loses in the nation. In this interview with Udeme Akpan, the Managing Director/CEO, Siemens Limited, Ms Onyeche Tifase, provides an insight into the deal, including how the company will go about achieving its target.
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IN February 2019 just before the general elections, President Muhammadu Buhari, candidate of the All Progressives Congress, APC, responded to caustic criticisms of his first term by former President Olusegun Obasanjo by vowing to probe how Obasanjo’s government allegedly spent $16bn on the power sector
Read More Association for Public Policy Analysis, APPA, said, yesterday, $29.635 billion (about 6.52 trillion) had been spent in the power sector in the last 16 years without commensurate evidence on the ground.
Read MoreThe Minister of Finance, Mrs. Zainab Ahmed has disclosed that the federal has commenced discussion with the World Bank with a view to take a $1 billion loan for the development of the power sector.
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Development of off-grid power distribution solution, otherwise, known as standalone power system will open up the power sector to more investment opportunities from within and outside the country, thereby contributing to economic productivity and Gross Domestic Product (GDP) growth,a n investment banking firm, Emerging Africa Capital Group, has said.
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ABUJA—Africa Democratic Congress, ADC, presidential candidate, Dr. Obadiah Mailafia, has said if voted into power he will revolutionise the power sector of the economy, pledging that his administration will invest heavily in power transmission network.
Read More THE hope of a revived power sector heralded by the privatisation of power assets is fading fast.
Read More THE nation’s power sector lost a total of N10.7 billion in the first week of July 2018, showing an increase of 13 per cent compared with N9.3 billion recorded in the last week of June 2018.
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Kola Adesina, Chairman-Egbin Power Plc. has said Nigeria’s Power sector required robust policies and stakeholder collaboration to make the sector more bankable to facilitate fresh investments to drive expansion and growth.
Read More THE electricity sector has recorded losses amounting to N187 billion as a result of inadequate gas, poor distribution and transmission as well as water reserves constraints.
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