Nigeria’s government is exploring a strategic shift, considering relinquishing its 40% stake in 11 power distribution companies (DISCOs) to state governments in a bid to enhance oversight and combat the nation’s longstanding power deficits. Adebayo Adelabu, Nigeria’s Minister of Power, revealed plans to potentially exchange federal shares in the DISCOs for stakes in the Niger Read More…
Tag: power generation
China pledges increased investments in Nigeria’s power generation and digital economy
President Xi Jinping of China has committed to increasing investments in Nigeria’s power generation sector and digital economy, following a Belt and Road Initiative forum held in Beijing. According to the office of the Nigerian Vice President, Vice President Kashim Shettima, Nigeria’s National Agency for Science and Engineering Infrastructure (NASENI) and three Chinese partners have Read More…
NDPHC moves to boost power supply to eligible customers in Lagos, Ogun
Niger Delta Power Holding Company (NDPHC) on Wednesday said it was intensifying efforts to increase power supply to industrial clusters in Lagos and Ogun States through its Eligible Customer drive. Mr Chiedu Ugbo, Managing Director, NDPHC, made this known while speaking with newsmen after an inspection visit to Olorunsogo Power Generation Company in Ogun. Ugbo Read More…
DisCos seek FG’s intervention on gas pricing for power generation
Electricity Distribution Companies (DisCos) have appealed to the Federal Government to intervene in gas pricing for power generation to ensure effective service delivery. Mr Sunday Oduntan, the Executive Director Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), made the call in a statement in Abuja on Saturday. Oduntan said that the cost of gas remained Read More…