He stated that the Corporation would ensure that its restructuring plan aligned with that of the Federal Government for the benefit of all Nigerians.
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“Mini-grids are already a feature of many parts of the world where privatization has taken place and they democratize access to power for those who want to produce below 1MW of power.”
OpeOluwani Akintayo 16 August 2017, Sweetcrude, Lagos – Minister of Power, Works and Housing, Mr. Babatunde Fashola, has disclosed Federal Government’s…
Mkpoikana Udoma 15 August 2017, Sweetcrude, Port Harcourt – Another round of fuel scarcity will soon rock Port Harcourt and its…
“These miners are illegal. Government did not give them permission to do this, they are economic saboteurs. This cannot happen anywhere else in the world and we will not allow it anywhere in Nigeria. We do not want these miners,” Mr. Fayemi told the security agents.
The minister noted that nothing in the Electricity Power Sector Reforms Act (EPSRA) precludes States from doing producing their own power, adding that unlike in the past few years, there have been improvements in power generation in the country.
He said sourcing of fund was also designed to realise the company’s ambition of increasing transmission capacity by 20,000 megawatts in few years time.
“The government and the NNPC had denied rumours of petrol price increase on several occasions. There is nothing of such for now. And assuming we are incurring losses, we have not complained. We have various roles to play in the country as supplier of last resort even when others are not supplying.”
Oscarline Onwuemenyi 15 August 2017, Sweetcrude, Abuja – The Bankers’ Committee of the Central Bank of Nigeria, CBN, has said the…
“NERC agreed that the N50,000 penalty was not enough and promised to look into the matter and report back in the coming week,” the document stated.
