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Metering of Customers Not Exclusive Right of DisCos – Fashola

The Minister of Power, Works and Housing, Babatunde Fashola (SAN), said on Monday nothing in the Electricity Power Sector Reform Act gives electricity distribution companies (DisCos) the exclusivity of metering in the sector, reports The Nation He said the Federal Government has commenced the disbursement of N701 billion electricity intervention ...

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Ambode seeks NERC’s approval for 3,000MW power project

    …As commission pledges to support state govt’s bid     LAHOS State Governor, Mr. Akinwunmi Ambode, on Friday sought a no objection letter from the Nigerian Electricity Regulatory Commission (NERC) for the State Government’s Embedded Power Programme. Governor Ambode, who led some members of the State Executive Council, ...

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FG to legalize mini refineries, supply them with crude

Federal Government will legalise currently outlawed mini refineries in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price, the presidency said on Thursday, fulfilling demands from community leaders. On Monday, Niger Delta leaders threatened to pull out of peace ...

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Lagos electrifies dark spots to boost security

The Lagos State Ministry of Energy and Mineral Resources has commenced the electrification of dark spots and installation of Street Lights as part of concerted efforts to illuminate the nooks and crannies within the metropolis as well as improve the security situation in Lagos. Commissioner for Energy and Mineral Resources, ...

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FG pleas with Dangote to finish refinery before 2019

The Federal Government has said it relies heavily on the Dangote refinery to fulfil its promise to Nigerians to end fuel importation by December 2019. To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited the Dangote oil Refinery site at Lekki free trade Zone, ...

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AfDB to Invest $ 12 Billion to Boost Energy in Africa

African Development Bank (AfDB) has hinted of plans to invest the sum of $12billion to tackle the perennial energy crisis In Africa. Giving this hint was the AfDB President, Dr. Akinwunmi Adesina reports The Nation. According to him, the bank is investing $12billion in the energy sector on the continent ...

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3000MW POWER GENERATION PLAN ON COURSE- AMBODE

Lagos State Governor, Mr. Akinwunmi Ambode (middle); representative of ICAN President, Dr. Innocent Okwuosa (right) and Commissioner for Finance/Economic Planning & Budget, Mr. Adeyemi Ashade (left) during the 7th Annual Public Lecture of the Lagos State Public Service Chapter of ICAN at the Sheraton Lagos Hotel & Towers, Ikeja, on ...

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No Visible Relief for Petroleum Marketers

      The National Bureau of Statistics (NBS) has released its latest report in its premium motor spirit (PMS) price watch series. The report shows the average monthly price for PMS (petrol/gasoline) paid by households across the country. In May it averaged N150.7/litre (l) for the 36 states of ...

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POWER SECTOR RECOVERY PROGRAMME WILL ULTIMATELY HELP RESTORE FINANCIAL VIABILITY, IMPROVE SERVICE DELIVERY IN POWER SUPPLY INDUSTRY – FASHOLA

Babatunde Fashola       *Says Programme seeks to address issues of debts, tariff, liquidity, others and to stabilize sector         The Minister of Power Works and Housing, Mr. Babatunde Fashola SAN, has described the Power Sector Recovery Programme, as a series of carefully thought out policies ...

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