Again, Senate, stakeholders differ on failed power sector share purchase pact
There was drama over Nigeria’s power sector crisis in the Senate yesterday as stakeholders outlined the causes of Federal Government’s $29b annual losses due to failed Share Purchase Agreement (SPA).
The government’s threat to DisCos
The federal government’s recent threat to stop subsidising the power sector is a careless blighter we do not need at a time that the people need some glimmer of hope.
Reps seek declaration of emergency on power sector
Incensed by the energy crisis nationwide, the House of Representatives yesterday urged President Muhammadu Buhari to declare a state of emergency on the power sector.
Giving capitalism a bad name
I will not be surprised if there is increased clamour for the government to repossess the activities connected with power operations from the companies that bought them from Power Holding Company of Nigeria, alias PHCN.
What manner of privatisation?
What kind of privatisation of the power sector did we undertake in his country? From NEPA to PHCN. You would have expected that life will be made easier to some degree with their arrival but alas!
Nigeria at 59: A peep into power sector
Power generation is considered one of the key parameters used in measuring the extent of development of any nation even as research has shown a correlation between electricity consumption and Gross Domestic Product.
FG mulls recapitalisation strategy for power companies
Following the debate of either to recapitalise or repossess the electricity companies unbundled from the defunct Power Holding Company of Nigeria...
Defunct PHCN employees to sue BPE over entitlements
About 48,000 disengaged employees and pensioners of defunct Power Holding Company of Nigeria (PHCN), are planning to drag the Public Enterprises...