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Electricity Metres: Plot Against $155m World Bank Loan Thickens

Electricity Metres: Plot Against $155m World Bank Loan Thickens

Calls for auditing and legal action taken against defaulting electricity metre manufacturing firms in the country resonated yesterday as stakeholders queried the bid for a $155 million World Bank loan to import metres as the Federal Government continues in its ...

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POOR POWER SUPPLY: Nigeria Loses $29bn, Manufacturers Spend N10.1trn On Energy Annually– AfDB

POOR POWER SUPPLY: Nigeria Loses $29bn, Manufacturers Spend N10.1trn On Energy Annually– AfDB

President African Development Bank (AfDB) Dr. Akinwumi Adesina has called for an industrial revolution and manufacturing digitalisation. The AfDB boss also   raised concerns over the epileptic power supply in Nigeria, which he said, had caused the nation’s manufacturing sector to ...

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Pressure Mounts On FG To Reverse $155m World Bank Meter Importation Loan

Pressure Mounts On FG To Reverse $155m World Bank Meter Importation Loan

The federal government has been advised to reverse the proposed use of $155 million World Bank loan for importation of meters in order not to jeopardise its local production and worsen the unemployment rate in the country. The Association of ...

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Still On The New Electricity Act

Still On The New Electricity Act

Nigeria’s industrialisation quest has largely failed at the feet of poor power supply over the decades. For a country with a population of over 200 million, the electricity sector boasts of just about 13,000 megawatts of installed generating capacity but ...

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Fuel Subsidy Impact: REA Widens Solar Energy Investment

Fuel Subsidy Impact: REA Widens Solar Energy Investment

The managing director of the Rural Electrification Agency (REA), Engr Ahmad Salihijo Ahmad, has called for adoption of solar energy, describing it as the most viable solution to mitigate the impacts of the recent removal of petrol. During the inspection ...

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Creating Enabling Environment For Optimal Renewable Energy

Creating Enabling Environment For Optimal Renewable Energy

Nigeria has unfortunately either by omission or commission remained in darkness even when it possesses the potentials to be the energy (electricity) hub of the continent of Africa. With much sunlight in the north for solar energy development, overflowing river ...

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N93.42bn Debt: NERC Issues 60-day Licence Revocation Notice To Kaduna DisCo

N93.42bn Debt: NERC Issues 60-day Licence Revocation Notice To Kaduna DisCo

The Nigerian Electricity Regulatory Commission (NERC) has said will cancel the Electricity Distribution Licence (EDL) issued to Kaduna Electricity Distribution Company (KAEDCO) over the DisCo’s over N93.42 billion energy debt among others. The NERC,  in a published notice tagged NERC/LC/023, ...

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Solar Energy: REA Holds 1st Investor Matchmaking Programme

Solar Energy: REA Holds 1st Investor Matchmaking Programme

The Rural Electrification Agency (REA) has held its first investor matchmaking for the Solar Power Naija Programme to provide opportunity for potential investors to pitch their financial offerings to developers. A statement from REA in Abuja on Thursday said the ...

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Amid Low Patronage: Mass Metering Programme In Limbo As Manufacturers Divest

Amid Low Patronage: Mass Metering Programme In Limbo As Manufacturers Divest

Most licence holders in Nigeria’s local meter manufacturing sector are divesting into other lines of business following low patronage from both government and the Electricity Distribution Companies (DisCos), LEADERSHIP can now reveal. This development is threatening the National Mass Metering ...

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GenCos Dismiss Strike Threat, Seek FG’s Intervention In Debt Servicing

GenCos Dismiss Strike Threat, Seek FG’s Intervention In Debt Servicing

Electricity Generation Companies, (GenCos) have called for the federal government’s intervention over unpaid power by Electricity Distribution Companies, DisCos. Checks by LEADERSHIP Sunday confirmed that GenCos are currently owed about 90 per cent of their invoices for electricity delivered to ...

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