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Tag "Power sector"

Otedola: Nigeria’s power sector has a lot of problems — but they are surmountable

    Otedola: Nigeria’s power sector has a lot of problems — but they are surmountable

Femi Otedola, the chairman of Geregu Power, says Nigeria’s electricity sector has several issues, but they are surmountable with leadership and willpower. Otedola spoke on Tuesday at the closing gong

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FEC approves N39.6bn for equipment in power sector

    FEC approves N39.6bn for equipment in power sector

The federal executive council (FEC) has approved the sum of N39.6 billion for various transmission line contracts in the power sector.  The council meeting, presided over by Vice-President Yemi Osinbajo,

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FG-Siemens power project won’t achieve 7,000MW target, says ex-TCN boss

    FG-Siemens power project won’t achieve 7,000MW target, says ex-TCN boss

Usman Mohammed, former managing director, Transmission Company of Nigeria (TCN), says the presidential power initiative (PPI) has distracted the company from focusing on issues bedeviling the power sector. Mohammed spoke

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FG inaugurates Makurdi hydro power plant steering committee

    FG inaugurates Makurdi hydro power plant steering committee

Abubakar Aliyu, minister of power, on Monday, inaugurated the project steering committee of the Makurdi hydro power plant. The plant is projected to be the biggest hydro power plant in

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Darkness in sunshine state: How poor regulatory oversight marred N53m electricity projects in Ondo

  Darkness in sunshine state: How poor regulatory oversight marred N53m electricity projects in Ondo

Ondo, a south-west Nigerian state answers to the slogan “The Sunshine State,” but has millions of its people plunged in

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Daniel Bwala: How Atiku plans to add 25,000MW of electricity to national grid

  Daniel Bwala: How Atiku plans to add 25,000MW of electricity to national grid

Daniel Bwala, a spokesperson for the Atiku Abubakar presidential campaign, says his principal will add 5,000 megawatts (MW) of electricity

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FGNPC set to inaugurate new equipment for power project

  FGNPC set to inaugurate new equipment for power project

The FGN Power Company (FGNPC) is set to inaugurate new equipment for the Presidential Power Initiative. In December 2021, the

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We have evidence of prepaid meters supplied to DisCos, says MOJEC on fund diversion allegation

  We have evidence of prepaid meters supplied to DisCos, says MOJEC on fund diversion allegation

Mojec Meter Asset Management Company Limited (M3AC) says it has documentary evidence of prepaid meters supplied to electricity distribution companies

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MAPs: CBN’s fund diversion allegation baseless…we supplied prepaid meters to DisCos

  MAPs: CBN’s fund diversion allegation baseless…we supplied prepaid meters to DisCos

Some Meter Asset Providers (MAPs) have described the allegation of fund diversion levelled against them by the Central Bank of

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EXCLUSIVE: CBN seeks order to freeze 157 accounts of companies over ‘diversion of funds for prepaid meters’

  EXCLUSIVE: CBN seeks order to freeze 157 accounts of companies over ‘diversion of funds for prepaid meters’

The Central Bank of Nigeria (CBN) has asked a court for an order to freeze 157 accounts of Meter Asset

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