The ripple effect of the powersector challenges is the underperforming economy. For instance, in June, the Manufacturing Association of Nigeria disclosed that its members lose N10.1 trillion annually to the powersector crisis.
Speaking on the EU's various intervention programmes in the powersector, the Envoy said that the current support would cover small hydro-power and solar for health care facilities.
The Nigerian government has approved a $USD3.45 billion loan to finance projects in the powersector in a resource mobilisation programme for states, and education, according to Wale Edun, the Minister of Finance and Coordinating Minister of
Following the previous episode, Family Meeting 2, Felix finally makes it and Noble is now very poor. Felix makes the best of his newly found affluent position by rubbing it in the faces of everyone in the family only for him to meet an unexpected end. Starring
Ireti Kingibe, senator representing the federal capital territory (FCT), says Nyesom Wike, the minister of the territory, needs time to study the "dynamics" of the city before issuing demolition threats. Kingibe said this on Wednesday during a chat with reporters
Arsenal defender Hector Bellerin has donated £19,050 to those affected by the Grenfell Tower fire. Bellerin, 22, promised to donate £50 for every minute he played for Spain in the European Under-21 Championship in Poland. The money will go to the British Red
The Minister of Power, Works and Housing, Babatunde Fashola (SAN), said on Monday that nothing in the Electricity PowerSector Reform Act gives electricity distribution companies (DisCos) the exclusivity of metering in the sector.
He admitted, however, that the problems with the powersector are numerous. He explained further that the power-generating sector has its own problems, coupled with those of the distribution companies and consumers.
"TCN is doing everything possible in collaboration with stakeholders in the powersector to ensure that it continues to keep the grid intact despite the current low power generated into the system.
He further revealed that more than 95% of what is used in Nigeria's powersector are imported which is why there is a proposed increase in electricity tariff.