Over 20 of the 27 electricity plants on the Nigerian electricity grid are in shambles as some of the plants are producing only about 0.2 per cent of their installed capacity. The Nigerian Electricity Regulatory Commission (NERC) in its third quarter report for the year showed that troubles await the aging plants, leading to recurring […...
•Power Minister Adebayo Adelabu In another attempt to end the inefficient operation of the electricity distribution chain and ownership crisis in many of the eleven Distribution Companies (DisCos), the federal government has decided to sell off its 40 per cent shares in the firms. Director-General of the Bureau of Public Enterprises (BPE) Alex...
•Tinubu The federal government has earmarked the sum of N460,217,071 for the State House’s “Materials and Supplies” in the 2024 Appropriation Bill. Out of the sum, foodstuffs and catering materials will gulp N253,277,638, reports The PUNCH. Other items under the subhead include foodstuffs, stationeries, newspapers, and books, among others. Thi...
•Tinubu President Bola Tinubu recently stopped the implementation of a hike in electricity tariff and insisted that subsidy be paid on power consumed nationwide, the Minister of Power, Adebayo Adelabu, revealed yesterday. Adelabu also stated that the federal government would investigate the legality of the five-year licence extension given to ...
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