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Electricity

Stakeholders propose new options for development of power sector ― Investigation

.As mixed reactions trail Senate’s call for cancellation of privatisation By Udeme Akpan Contrary to the Senators’ privatisation cancellation model, stakeholders have proposed the review of the nation’s Power Sector Act, sale of interest, transparent utilisation of funds and the strengthening of the Nigerian Electricity Regulatory Commission, NERC, as new strategies for the development of
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power

State of Nigeria’s power sector worsens

•Losses hit N65.6bn in April By Udeme Akpan Nigeria’s power sector has suffered a major setback as losses associated with insufficient gas supply distribution infrastructure and transmission infrastructure increased last month. Data obtained by Vanguard, from the Advisory Power Team, Office of the Vice President, indicated that the value of the losses is N65.64 billion
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electricity

Fast-track prosecution of power sector corruption cases, SERAP tells AGF, EFCC, ICPC

Socio-Economic Rights and Accountability Project (SERAP) has urged the Attorney General of the Federation and Minister of Justice Mr Abubakar Malami SAN; the Acting Chairman, Economic and Financial Crimes Commission (EFCC) Ibrahim Magu, and Chairman Independent Corrupt Practices and Other Related Offences Commission (ICPC), Professor Bolaji Owasanoye to: “revisit and fast-track prosecution of all cases of corruption in the electricity sector and ensure effective recovery of stolen public funds.”

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