Surviving in a deregulated economy: Odds before Nigerians
With the latest increase in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol, Nigerians have, no doubt, begun to feel the pressure that comes with deregulation.
DisCos fault Transmission Company over irregular load allocation
Electricity distribution companies (DisCos) have blamed the Transmission Company of Nigeria (TCN) for the epileptic power supply being experienced by Nigerians, saying it has not improved its capacity to wheel electricity to them since 2015.
Move to bridge $1b meter funding gap begins
New Hampshire Capital, FBNQuest Merchant Bank and Kairos Investments Africa have announced plan to attract long-term financing for the national mass roll-out of smart meters.
Experts insist on mass metering before implementation of new tariff
Experts have criticised the implementation of the new electricity tariff structure and urged the Federal Government to ensure that electricity consumers are metered first before the commencement to eliminate outrageous billings. Nigerians had heaved a sigh of relief when the National Mass Metering Programme (NMMP), announced plans to commence free distribution of meters but it…
How to achieve timely recovery from COVID-19, by Osinbajo
Vice President Yemi Osinbajo yesterday declared that dealing with the disruptions caused by COVID-19 on economies and livelihoods, stronger international cooperation and collaboration among countries was crucial to expedite economic recovery.
Ikeja Electric launches mass metering programme at Okota
Ikeja Electric Distribution Company (IKEDC), at the weekend, commenced the rollout of the National Mass Metering Programme (NMMP) in Victory Estate, Ago Palace Way, Okota area of Lagos State. The programme is part of the Federal Government’s effort to bridge the country’s metering gap and also cushion the effect of the Service Reflective Tariff…
FG commences distribution of free pre-paid electricity metres
The Federal Government, yesterday, commenced the distribution of six million free pre-paid electricity metres to Nigerians through the National Mass Metering Programme (NMMP), with the launch of the scheme in Eko...
Over 6m Nigerians unmetered as NERC revenues rise 50%
Despite the Federal Government’s directive on nationwide mass-metering for electricity consumers, over six million users in Nigeria are still on estimated billing. The huge metering gap remains a key challenge in the industry, the Nigerian Electricity Regulatory Commission (NERC), said in its’ first quarter (Q1) 2020 Operational Report on the country’s power sector. The NERC…
‘Forex, import levy limiting mass metering under MAP’
Meter manufacturing and serving firms in Nigeria have attributed the slow pace of mass metering under the Meter Asset Provider (MAP) scheme to the inability to access foreign exchange and import levy charged on pre-paid meters.
‘Government retaining equity stakes in GenCos, DisCos counter-productive’
The Chief Executive Officer of Century Power Generation Limited, Dr Chukwueloka Umeh has said the Federal Government’s retention of 60% equity stake in the power generation companies and 40% equity stake in the Distribution Companies ...