The Future Group (TFG) has called for a halt in the proposed sales of five of the Nigerian National Integrated Power Project (NIPP), describing it as a bad move that would further plunge the power sector into a deeper crisis, injurious to the economy and the Nigerian populace.
Controversy surrounding the proposed sale by the Federal Government of the five National Integrated Power Projects (NIPP) assets should not be surprising, considering the obvious failure of the privatisation exercise of power distribution aspects of the sector, for which Nigerians are still suffering. The question that readily comes to mind is whether or not the…
There are strong indications that the Federal Government may have failed in its policy and regulatory direction towards harnessing existing 14,120MW of exploitable hydropower despite the country’s gross energy deficit.
Electricity consumers have described as miscalculation, a move to sell about five independent power plants in the country.
Stakeholders have said the interventions of the Central Bank of Nigeria (CBN) in the takeover of the distribution companies remain crucial to the survival of Deposit Money Banks (DMBs) as well as over N2.9 trillion government interventions in the sector.
The Bureau of Public Enterprises (BPE) has transferred the asset title of Ogboyega North and South Coal Blocks to the Orbit Exploration and Natural Products Limited..
15 Dec 2021
The newly constituted management of embattled Abuja Electricity Distribution Company (AEDC), yesterday, sought the support and collaboration of stakeholders and staff to upturn the utility company.
17 Jun 2021
Plans by the Federal Government to complete privatisation of the electricity sector, eight years after initial attempt, has led to stakeholders tasking government on what to do to make a difference.
31 Mar 2021
The Director-General, Bureau of Public Enterprise (BPE), Alex Okoh, has reiterated the need for increased private sector involvement in financing critical infrastructural development in the sector.
6 Nov 2020
The Federal Government and Transcorp Power Consortium, yesterday, signed a share-sale-and-purchase agreement to add 966 megawatts to the national grid. The deal is on Afam Power Plc and Afam III Fast Power Limited.
27 Aug 2020
Director General of the Bureau of Public Enterprises (BPE), Alex Okoh has assured workers of the Nigerian Postal Service (NIPOST) that the on-going reform...
10 Jul 2020
Federal government recently said it will carve out three subsidiary companies out of the Nigerian Postal Service (NIPOST) with the hopes of turning around the fortunes of the tottering giant.