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Nigeria: Govt, World Bank Discuss $1b Power Sector Loan

The Federal Government and the World Bank Power Sector team yesterday met on the possibility of Nigeria accessing a $1 billion Performance Based Loan...

Nigeria: NERC Gives Meter Providers 10 Years to Recover Investment

Third-party investors in meter provision in Nigeria’s power sector will have about 10 years to recoup investments they make in the sector, and also...

Nigeria: More Gas Should be Freed for Power Generation

With only 18 per cent of total gas produced utilised locally, the Federal Government has advocated increase in volume made available for power generation...

RE: Wasted Decade in Power Sector

A critical reading of the largely self-contradicting and self-indicting interview, granted the BUSINESSWORLD column of THISDAY by Dr. Sam Amadi, a former Chairman of...

Nigeria: Boosting Renewable Energy Through Capacity Building

The Nigerian electricity industry (NEI) is dominated by fossil-fueled power plants and less than 30 per cent of large-scale hydropower plants. Currently, there is...

Nigeria: Federal Govt to Invest N72bn in Discos to Boost Power...

The Federal Government is to invest about N72 into the operations of the 11 Electricity Distribution Companies (Discos). The intervention, according to the Minister of Power...

Nigeria: Lawmakers Lament Liquidity Crisis in Electricity Market

The Chairman, House of Representatives Committee on Power, Steel Development and Metallurgy, Mr. Daniel Asuquo, has expressed concern over what he described as the...

Nigeria: We’ve Had Four Wasted Years in Power Sector – Amadi

A former chairman of the Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, in this interview with Chineme Okafor, says the country’s privatised electricity market...

EU to Launch €30m Power Finance Scheme in Nigeria

The European Union (EU) and All On – an impact finance outfit, would launch a €30 million worth of electrification financing initiative for off-grid...

Nigeria: N778.7bn Debt to NBET Weighs Down Power Discos

The 11 electricity distribution companies (Discos) in Nigeria are heavily indebted to the Nigerian Bulk Electricity Trading Plc (NBET) to the tune of N778.7...