Tag "power"

    Sale Mamman: Proposed electricity tariff increase will kick off in July

Sale Mamman: Proposed electricity tariff increase will kick off in July

Sale Mamman (pictured), minister of power, says the proposed electricity tariff increase by the federal government will kick off in July. In January, the Nigerian Electricity Regulatory Commission (NERC) had announced that there would be an upward review of electricity tariff across the country from April 1. However, it directed electricity distribution companies (DisCos) to suspend the proposed tariff increase in March due [...]

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    Politics and Nigeria’s electricity sector

Politics and Nigeria’s electricity sector

While Nigerians are busy with the management of COVID-19 and its many fall-outs, fire has been burning in other aspects of national life which require equal attention both now and after COVID-19 – the increasing spate of insecurity in the country is one, the crisis in the country’s electricity sector is another, but COVID-19 is such an all-consuming pre-occupation that [...]

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    IT, health care… businesses thriving during COVID-19 outbreak

IT, health care… businesses thriving during COVID-19 outbreak

The COVID-19  outbreak across the world has ground activities to a halt in various sectors with projections that the global economy will suffer a recession. The World Bank also projects that sub-Saharan Africa's economy will slip into its first recession in 25 years. Although industries like aviation and hospitality have suffered greatly as a result of travel restrictions, the pandemic has been [...]

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    EXCLUSIVE: FG to pay Sunrise Power $200m ‘compensation’ to end Mambilla dispute

EXCLUSIVE: FG to pay Sunrise Power $200m ‘compensation’ to end Mambilla dispute

The federal government has agreed to pay $200 million to Sunrise Power and Transmission Company Limited (SPTCL) as final settlement of the dispute over the Mambilla power project in Taraba state, TheCable can report. The government also agreed to pay a penalty of 10 per cent in case of a default in fulfilling the settlement agreement -- in addition to restoring [...]

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    NDPHC: We have enough electricity to serve Nigerians

NDPHC: We have enough electricity to serve Nigerians

The Niger Delta Power Holding Company (NDPHC) says it has enough electricity to serve Nigerians, but that the resource is stranded owing to some challenges. Speaking on Wednesday in Ogun state while inspecting Oke-Aro power station, Chiedu Ugbo, NDPHC managing director, said the company is working to get stranded 300 megawatts(MW) to customers in Lagos and Ogun. He added that the company [...]

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    Minister: Cabal in power ministry denying Nigerians of electricity

Minister: Cabal in power ministry denying Nigerians of electricity

Sale Mamman, minister of power, says the "cabal" in his ministry who are bent on denying Nigerians electricity. The minister said this while reacting to the criticism which trailed his suspension of some top officials in the ministry. Mamman had suspended Damilola Ogunbiyi, former managing director of the Rural Electrification Agency (REA), and Marilyn Amobi, managing director of the Nigerian Bulk Electricity [...]

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    Nigerians to pay more for power as NERC directs DisCos to increase tariff

Nigerians to pay more for power as NERC directs DisCos to increase tariff

Nigerians will now pay more for electricity as the Nigerian Electricity Regulatory Commission (NERC) has directed the 11 electricity distribution companies (DisCos) to increase their tariff from January 1. James Momoh, NERC chairman, and Dafe Akpeneye, its secretary, gave the directive in a memo sent to the DisCos. The commission had published the new tariffs for the different DisCos and categories of [...]

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    EXCLUSIVE: Accugas moves against Nigeria, issues notice of default over Calabar GenCo

EXCLUSIVE: Accugas moves against Nigeria, issues notice of default over Calabar GenCo

President Muhammadu Buhari's bid to raise foreign loans for infrastructural projects is already in jeopardy as the gas supply agreement (GSA) between the Calabar Generation Company Limited and and Accugas Ltd has gone awry over about $66 million unpaid invoices, TheCable can report. Accugas has now issued a notice of non-payment in respect of gas supply to Calabar GenCo, owned by Niger [...]

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    AfDB approves $210m to boost electricity transmission in Nigeria

AfDB approves $210m to boost electricity transmission in Nigeria

The African Development Bank (AfDB) has approved $210 million to boost electricity transmission in Nigeria. In a statement on Thursday, Ndidi Mbah, general manager of public affairs at the Transmission Company of Nigeria (TCN), said the bank made the approval at its board meeting in Abidjan, Cote d'Ivoire, on Wednesday. Mbah said the money will be deployed in the NTEP-1 projects under [...]

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    Galadima: Buhari’s true colour was exposed after he got power

Galadima: Buhari’s true colour was exposed after he got power

Buba Galadima, elder statesman, says power has exposed the true colour of President Muhammadu Buhari. In an interview with New Telegraph, the former ally of the president said had Buhari worked for the real values he stood for in the past, the country would have made significant progress. He said after making many attempts to lead the country, Buhari achieved his aim [...]

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    Report: Nigerians spend $12bn on generators every year

Report: Nigerians spend $12bn on generators every year

Business owners and individuals in Nigeria spend about $12 billion fueling generators every, according to a report by Bloomberg. Quoting a survey by NOI Polls, the report said households with access to on-grid electricity had an average power supply of only 9.2 hours a day in the first half of 2019. It said in Nigeria, almost everyone, including President Muhammadu Buhari, depends [...]

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    EXTRA: Fashola having grey hair because he handled three ministries, says Okorocha

EXTRA: Fashola having grey hair because he handled three ministries, says Okorocha

Rochas Okorocha, senator representing Imo west, says Babatunde Fashola started having grey hairs when he began to handle three large ministries. Fashola, the immediate past minister of power, works and housing, was among the returning ministers nominated by President Muhammadu Buhari for his second tenure. Speaking on Monday during the screening of ministerial nominees at the senate, Okorocha said the three ministries [...]

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    ‘We’ll recover $16bn wasted on power’ — again Buhari hints at probing Obasanjo

‘We’ll recover $16bn wasted on power’ — again Buhari hints at probing Obasanjo

President Muhammadu Buhari has vowed to recover the $16 billion dollars allegedly wasted on the power sector when the Peoples Democratic Party (PDP) was in power. Speaking at the All Progressives Congress (APC) presidential rally in Yenagoa, Bayelsa state capital, on Tuesday, the president vowed to go after the people who mismanaged the money meant for the development of the sector. In [...]

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    Buhari: I’m sure all ongoing road, power, rail projects will be completed this year

Buhari: I’m sure all ongoing road, power, rail projects will be completed this year

President Muhammadu Buhari says all the ongoing road, rail and power projects in his administration will be completed by the end of 2019. Buhari gave the assurance on Saturday during the All Progressives Congress (APC) presidential campaign rally in Ibadan, Oyo state. Addressing his supporters at Mapo hall, the president urged the people to vote massively for APC candidates at all levels. According to [...]

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    Stranded power, stranded promise

Stranded power, stranded promise

Nigerians have for long languished under debilitating incompetence of the power sector. And we are now better informed that the government should by no means be held responsible for the crisis. Rather, whiners should direct their angst at privately owned electricity Distribution Companies (DisCos) and Generation Companies (GenCos) that are operators of the seemingly jinxed sector. We have no less to [...]

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    AfDB unveils Africa Energy Portal, says 75.7m Nigerians without electricity

AfDB unveils Africa Energy Portal, says 75.7m Nigerians without electricity

The Africa Development Bank  (AfDB) has launched a "one-stop-shop for accurate, reliable, relevant, and up-to-date information on energy in Africa," the Africa Energy Portal. The portal is one of the deliverables from the just concluded Africa Investment Forum (AIF) in Johannesburg, South Africa. In a statement seen by TheCable, the development bank said portal will help address lack of information in Africa's energy [...]

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