NERC, BPE name Ahmed Dangana new MD of KEDCO

July 26, 2022

By Adeola Ajakaiye, in Kano. Power sector regulators, Nigerian Electricity Regulatory Commission (NERC) and Bureau of Public Enterprises (BPE) have approved the reconstitution of the board of directors of Kano Electricity Distribution Company Plc (KEDCO). The approval followed the federal government’s restructuring of five electricity distribution companies (DisCos) as a result of a takeover of […]

Government’s approach to power sector crisis seen as hypocritical

March 21, 2022

Government’s approach to power sector crisis seen as hypocritical

BY OLUSOLA BELLO President Muhammadu Buhari was last Wednesday forced to offer what many analysts considered a needless apology when he was jolted to suddenly realise the economic quagmire his government’s mishandling of the country’s fuel and power problems has put Nigerians. The prolonged shortage of petroleum products and the collapse of the national grid […]

Nigeria, SSA big energy transition challenge, need $350bn to electrify

March 21, 2022

Nigeria, SSA big energy transition challenge, need $350bn to electrify

BY: OLUSOLA BELLO Nigeria and the entire sub-Saharan Africa offer an alternative vision of how the energy transition will change power generation, according to new research by global energy consultancy Wood Mackenzie. Statistics from African Development Bank (AfDB) show that more than 640 million Africans have no access to energy, which corresponds to an electricity […]

Power grid failures pile pressure on economic growth

March 21, 2022

Power grid failures pile pressure on economic growth

BY: ONOME AMUGE  Just as Nigerians continue to bear the brunt of the current energy crisis in the petroleum sector amid rising inflation, the country’s erratic electricity output, spurred by poor power supply from the national grid and the recurring electricity system collapse, has inflicted yet another blow on the populace. The agonsing trend of […]

New gas deal to boost Nigeria’s 1.2 tcf

April 26, 2021

COVID-19 lockdown: NLNG, Total, NGC, others ask Rivers State for exemption

…GDA, Nigeria’s first agreement separating gas development from oil production   Ben Eguzozie, in Port Harcourt   A new gas commercialization deal signed by the Nigerian National Petroleum Corporation (NNPC) and Sterling Oil Exploration and Production Company (SEEPCO), a private operator of the Oil Mining Lease (OML) 143, is set to boost Nigeria’s 1.2 trillion cubic […]

Nigeria tops electricity-deficient countries – World Bank

April 26, 2021

  …Down from 2017 ranking after Yemen …Global lender approved $1.25bn financing to support Nigeria reset power sector …Businesses lose $29bn annually to power unavailability     Ben Eguzozie, in Port Harcourt   Nigeria, Africa’s top oil producer and the continent’s biggest economy by GDP, has unenviably slipped into first-from-bottom in electricity-deficient countries index, according […]

Poor electricity costs Nigerian businesses $29bn per year – World Bank

Online EditorApril 22, 2021

Arakunle Kayode   The World Bank has disclosed that approximately $29 billion is lost every year for Nigerian businesses as a result of the country’s unreliable electricity. According to the bank, Nigeria also has the most people without access to electricity in the world, with one out of every ten people without access to electricity […]