power

Why North Should Concede Power To South In 2023 –Abba Gana

Why North Should Concede Power To South In 2023 –Abba Gana

October 22, 2019 3:04 am

Mohammed Abba Gana, member of the Board of Trustees of the Peoples Democratic Party (PDP) and former Minister of the Federal Capital Territory (FCT), has said the North should concede power to the South in 2023 as a sacrifice for justice, equity, and unity of the country. He spoke on various issues in this interview.

Nigeria recently celebrated her 59th independence from Colonial rule with many arguing whether it was worth it considering the challenges facing the nation today. For you, what were your reflections on October 1?

Political instability is the root cause of all the problems that we …

FG Earmarks $1.61 Billion For Stable Power Supply - TCN

FG Earmarks $1.61 Billion For Stable Power Supply – TCN

October 20, 2019 8:13 am
  • Targets 20,000 MWs by 2022

Nigeria may soon wriggle out of incessant power outage as the federal government, in collaboration with some international donor agencies, has set aside over $1.61 billion to ensure steady power supply across the country.

Managing-Director/Chief Executive Officer of the Transmission Company of Nigeria (TCN), Alhaji Usman Gur, said the project would be carried out under the Transmission Rehabilitation Expansion Programme. Gur said the project targeted 20, 000 megawatts by 2022.

“We are rehabilitating and expanding to degree 20,000 megawatts by 2022 across the country,” he said at the weekend in Kano while speaking to journalists …

FG, World Bank To Discuss $3bn Power Sector Loan

FG, World Bank To Discuss $3 Billion Power Sector Loan

October 18, 2019 2:27 am

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, and other top government officials will exploit the opportunity of the ongoing annual meetings of the International Monetary Fund

(IMF) and the World Bank in Washington DC, United States of America to firm up discussions on the planned $3 billion facility targeted at addressing current challenges confronting Nigeria’s power sector.

Confirming the move in an interview on the sidelines of the ongoing meetings, Ahmed said the facility could actually be up to $3 billion, to be released in tranches for a period of about five years, adding that …

Oil, Diamonds, Nuclear Power: Russia Eyes Africa Business

Oil, Diamonds, Nuclear Power: Russia Eyes Africa Business

October 18, 2019 1:51 am

While Russia has traditionally focused on arms and grain exports to Africa, it is now looking to broaden its activities and influence.

Here are four sectors likely to be discussed at the Russia-Africa Summit set for next Wednesday and Thursday in the Black Sea resort of Sochi.

Oil and gas
Russia is one of the world’s top hydrocarbon producers and exporters through energy giants like Gazprom, Rosneft and Lukoil.

But with 65 percent of its territory covered with permafrost, exploration and extraction are costly, so Russia is eyeing up promising reserves in Africa.

Gazprom is working in Algeria, where …

Power Disco Uncovers 240,000 Illicit Consumers In Network

Power Disco Uncovers 240,000 Illicit Consumers In Network

October 15, 2019 7:43 am

The Abuja electricity distribution company (Disco) which distributes electricity to the Federal Capital Territory (FCT), Kogi, Nasarawa and parts of Niger states has reported that up to 240,000 people are illegally connected to its network and consuming electricity unlawfully.

The Disco also disclosed that in nine of the 32 areas of its network, where it has achieved over 80 percent metering penetration, it found that it loses up to 20 percent of its revenue from supplies made to the areas, indicating a prevalence of dishonest practices despite the availability of meter.

In a draft of its Performance Improvement Plan (PIP) …

FG To “Disengage” Over 200,000 N-Power Beneficiaries

FG To “Disengage” Over 200,000 N-Power Beneficiaries

October 15, 2019 7:27 am

Nigerian government is working on how to “disengage” over 200,000 beneficiaries of the government social intervention programme dubbed N-Power, an official has said.

Maryam Uwais, senior special assistant to the President on social investment, in an interview with Nigerian Television Authority (NTA) said she in talks with the finance ministry on the next plan.

“We are trying to see how we can address some of these gaps through these N-power beneficiaries that are meant to be disengaged by end of the year,” Uwais said.

“We are looking out loans to be made available to them, it has not be finalized …

CBN Has Supported The Power Sector To The Tune Of ₦1.695tn

CBN Has Supported The Power Sector To The Tune Of ₦1.695tn

October 14, 2019 3:11 am

The financial support provided by the Central Bank of Nigeria (CBN) to Nigeria’s power sector is set to hit a total of ₦1.695 trillion, making it the single largest creditor to the sector, an analysis of a report obtained from the apex bank by Newsmen has disclosed.

We gathered from the CBN annual report for 2018, that as at the end of 2018, it had granted total credit of ₦1.095 trillion to the power sector under the three different schemes it set up.

The schemes included the Nigerian Electricity Market Stabilisation Facility (NEMSF), which was made to settle outstanding payment …

North can’t retain power, punish Igbo forever – Shehu Sani

August 13, 2019 10:05 am

The immediate past senator, who represented Kaduna Central in the Eighth National Assembly, Shehu Sani, has lampooned those suggesting the idea of the North holding on to power beyond 2023.

Sani, who said it would be ungrateful for the North to attempt retaining power in 2023, cautioned that southerners of Igbo extraction could not continue to be punished for the offence they were not architect of.

The senator, who was reacting to Kaduna State Governor Nasir El-Rufai’s recent call for abolition of power rotation, said it would be unfair for the North to hold grip of power in Nigeria and …

Obaseki, Oshiomhole power tussle affects Edo Assembly

Obaseki, Oshiomhole power tussle affects Edo Assembly

July 21, 2019 12:39 am

The supremacy battle between Edo State Governor, Mr. Godwin Obaseki and former governor and national Chairman of the All Progressives Congress (APC), Comrade Adams Oshiomhole is taking a toll on Edo State House of Assembly.

The ad-hoc committee investigating issues surrounding the inauguration of Edo State House of Assembly has given Obaseki one week to issue a fresh proclamation for the reconstitution of the House in deference to Section 105 (3) of the 1999 Constitution (as amended).

In addition, the ad-hoc committee wants Obaseki to publish the date, time and venue in a national daily or television station for the …

Kenya unveiled Africa’s largest wind power plant on Friday, a project aimed at reducing electricity costs and dependence on fossil fuels and moving the nation to meet its ambitious goal of 100% green energy next year.

Africa’s largest wind power project opens in northern Kenya

July 20, 2019 2:14 am

Kenya unveiled Africa’s largest wind power plant on Friday, a project aimed at reducing electricity costs and dependence on fossil fuels and moving the nation to meet its ambitious goal of 100% green energy next year.

The sprawling wind farm of 365 turbines on the shores of Lake Turkana in northern Kenya was designed to boost the nation’s electricity supply by 13 percent, giving more Kenyans access at a lower cost, President Uhuru Kenyatta said at its launch.

Kenya has made great strides in renewable energy in recent years and is considered to one of the few African nations making …

U.S. welcomes Sudan power-sharing deal

U.S. welcomes Sudan power-sharing deal

July 7, 2019 12:18 am

The United States on Saturday welcomed a provisional agreement forged by Sudan’s ruling military council and a coalition of opposition and protest groups to share power for three years as an “important step forward.”

The U.S. State Department said in statement that special envoy for Sudan Donald Booth will return to the region soon.

The agreement brokered by the African Union and Ethiopia Union, announced on Friday, is due to be finalized on Monday.

“The agreement between the Forces for Freedom and Change and the Transitional Military Council to …

Nigeria loses $29.3b annually to erratic power supply

April 29, 2019 3:17 am

The Electricity Generation Companies (GenCos) at the weekend said the country loses $29.3billion yearly to low   supply resulting from load shedding and inadequate facilities.

The Executive Secretary, Association of Power Generation Companies (APGC), Joy Ogaji, in an emailed response to questions,  urged the Transmission Company of Nigeria (TCN) to upgrade its network to absorb the 8,000megawatts (Mw) capacity of the GenCos.

She said: “In urban areas where electricity access has been provided, the availability of electricity supply is drastically low, due either to load shedding or inadequate power supply facilities.  It is estimated that the Nigerian economy is losing $29.3 …

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