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Distribution Companies (DisCos), have said the Transmission Company of Nigeria (TCN), should be held responsible for the persistent collapse of the nation’s electricity grid.
Four power distribution companies in the country grew their revenue by $162m (N49.57bn at the official exchange rate of N306 to a dollar) after the intervention of the United States Agency for International Development through the Power Africa Transactions and Reform Project.
The Nigerian Electricity Regulatory Commission (NERC) has alleged that no electricity distribution company (Disco) in the power sector has been able to meet the demands of electricity consumers in the country since the sector was reformed in 2005.
The Nigeria Electricity Supply Industry, NESI, requires investments of over $100 billion in the next 20 years, if the country, Nigeria must have 24 hours of electricity supply daily, stakeholders in the power sector have said.
The European Union on Tuesday announced that it had committed over €156.3m (N53.9bn at N344.88 to one euro) in different financing instruments in Nigeria’s power sector.
The Nigeria Electricity Regulatory Commission (NERC), has assured consumers that pre-paid meters would be made available to all within the next two years.
“Up NEPA”! The joyful yell that formed part of the earliest memories of many a Nigerian child of my generation. But then, NEPA would only provide temporary reprieve and we were soon back to watching candlelight flames flicker until NEPA came through for us again.
The total quantum of electricity generated on the Nigeria’s power grid fell by 1,507.3 megawatts, dropping from a peak of 4,845.4MW to 3,338.1MW, the latest data from the Federal Ministry of Power, Works and Housing has revealed.
The power sector is in a hurry to be listed among the non-performing privatised assets of the Federal Government.
Going to discos was very popular in the ’80s. But dancing to a melodic pop music was not the only thing boys knew how to do then. They also played some wooing pranks on girls, starting with such gimmicks as “excuse me dance”.