Browsing Tag

power sector

Nigeria’s Power Sector Liquidity Climbs to N900bn


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The Nigerian Government has announced that the liquidity in Nigeria’s power sector increased from N282bn in 2015 to N900bn, adding that its financial burden in the industry had been reduced by about N373bn. The Nigerian Electricity…

Gombe state ready to support investment in power


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Governor Muhammadu Inuwa Yahaya, has restated his government's readiness to partner with the private sector towards harnessing the power potentials of Gombe State, thereby fostering industrial development, economic growth and prosperity of…

Stakeholders caution against multiplicity of taxes, levies on electricity


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Nigerian power sector Stakeholders have cautioned against multiplicity of taxes and levies in the electricity industry, stressing that it negates the objective & targets of the power sector reforms agenda. The stakeholders…

Nigerian Power Generation Companies: BPE calls for interested buyers


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The Bureau of Public Enterprises (BPE) has called for interested buyers of 5 Nigerian power generation companies from the National Integrated Power Project (NIPP). This was disclosed in a statement released by the…

World Bank assists Nigeria’s power sector with $1.25bn in 2 years


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The World Bank says it has assisted Nigeria’s power sector with the sum of $1.25 billion within two years. The Bank’s Practice Manager, West and Central Africa Energy, Ashish Khanna, while presenting the Power Sector Recovery…

Power Sector Reform Bill passes second reading


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Lawan Hamidu, Abuja The House of Representatives has passed for second reading a Bill for an Act to Amend the Nigerian Electric Power Sector Reforms Act 2010. The amendment is to provide for Electricity Distribution Companies to