“We seek the cooperation and understanding of Nigerians as we try to get to the bottom of this issue. In any event, there is a problem, and it must be solved. We await the findings of the Investigative Panel on Fuel Scarcity, firm in our resolve that whoever is responsible must pay the price for visiting this needless hardship upon our people,” he added.
“The government came up with the N701 billion intervention early last year to ensure that at least, we are able to pay for our gas because with 30 per cent, it could not have been able to pay the gas supply and then maintain our power plant.”
FEI-OGEF is a $100 million blended finance debt fund designed to provide loans in local and hard currencies to off-grid energy companies with the dual objectives of scaling up access to clean electricity for off-grid households and crowding in local financial institutions as co-lenders.
Michael James 16 January 2018, Sweetcrude, Lagos – Mobil topped the gainers chart for energy companies at the Nigerian Stock…
OpeOluwaani Akintayo 16 January 2018, Sweetcrude, Lagos – A cooking gas plant belonging to a former President of the Nigerian…
The report noted that the average power sent out by the Electricity Generating Companies on January 14 stood at 3, 851.06mw, down by 168.58mw recorded the previous day, adding that the peak generation averaged 4,425mw, down by 5.5 percent.
OpeOluwani Akintayo with agency reports 16 January 2018, Sweetcrude, Lagos — Lukoil is considering acquiring stakes in Nigeria’s Akpo and…
16 January 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $67.78 a barrel…
He said, “Nigerians are in the best position to assess the power situation and not the figure being released by government officials. Let’s hope that the 100 per cent of the (NIPP projects) will be completed and all of them will be feeding power into our homes. Maybe we will see the change.”
OpeOluwani Akintayo with Agency report 15 January 2018, Sweetcrude, Lagos — Japan and South Korea may have dumped West African…
