Delayed power deregulation not in Nigeria’s interest – Finance Minister

Jun 23, 2020

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Monday pushed for quicker deregulation of the power (electricity) sector, as the current situation is forcing Nigerians to pay more for power. Speaking at the inauguration of the reconstituted Board of Nigeria Bulk Electricity Trading Company (NBET) in Abuja, the Minister said: “electricity deregulation…

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Amobi returns as NBET boss in reconstituted board

Jun 23, 2020

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has once again reinstated Ms Marylin Amobi as the Chief Executive Officer of the Nigerian Bulk Electricity Trading Company (NBET) and also inaugurated the board. Monday’s development pits her against her Power counterpart, Saleh Mamman, who on two occasions had recommended her sack. Until…

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Discos should be audited before Siemens deal – NEC

Jun 23, 2020

The National Economic Council has said there is an urgent need for technical and financial audits of the electricity distribution companies in the country before interventions by Siemens, World Bank and others. The Federal Government and Siemens AG signed a Letter of Agreement on the Nigerian Electrification Roadmap in July 2019, with the aim of…

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Chad urges Nigeria to provide electricity supply

Jun 22, 2020

The government of Chad Republic has formally requested the Nigerian government to connect the country to the Nigerian electricity grid. The request was presented by the Chadian Ambassador to Nigeria, Abakar Saleh Chachaimi during a working visit to the Minister of Power, Engr. Sale Mamman in Abuja. While describing the need as pressing, the Ambassador…

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Ikeja Electric issues metres to over 120,000 households between 2018 and 2020

Jun 22, 2020

Ikeja Electric Plc (IE) has issued metres to over 120,000 households between 2018 and June 2020, adding that this is in line with its commitment to bridge its metering gap. In a statement by the company’s Head of Corporate Communications, Felix Ofulue, it disclosed that in order to achieve the mandate of the Nigerian Electricity…

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High import duty, others slowing 2021 metering target – Discos

Jun 22, 2020

Electricity Distribution Companies (DisCos) have decried high import duty for meters, and other hurdles that are slowing the firms’ 2021 metering target of the Meter Asset Providers (MAP) regulation. The Association of Nigerian Electricity Distributors (ANED) disclosed this in a statement obtained by BusinessDay on Sunday, as it called on the Federal Government to intervene…

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Ibadan Disco decries spate of vandalism of electrical installations

Jun 22, 2020

THE Management of Ibadan Electricity company Plc (IBEDC) has expressed concern over what it described as “incessant cases” of vandalism of electrical installations across its network. The Chief Operating Officer of the company, Mr John Ayodele who expressed this displeasure in a statement issued in Ibadan at the weekend, said the activities of vandals have…

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FG set to review customs duty on electricity meters

Jun 19, 2020

The Federal Government is currently reviewing concerns around customs duty on electricity meters in order to make the equipment more accessible to power users. This followed complaints by power distribution companies over the cost of duty on meters, a development that had made many meters remain un-cleared at the ports. The Managing Director, Abuja Electricity…

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FG mulls new power distribution firms to improve electricity

Jun 19, 2020

The Federal Government is considering increasing the number of electricity distribution companies (Discos) in order to improve electricity supply. Speaking during an inspection visit to the Abuja Electricity Distribution Company (AEDC) yesterday in Abuja, Minister of State for Power, Mr. Goddy Jedy Agba said government is not thinking of dismantling distribution companies (Discos) because of…

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Discos reject 8,244MW of electricity in one week

Jun 19, 2020

The power distribution companies in the country failed to distribute 8,244.05 megawatts of electricity in the first week of this month, the Transmission Company of Nigeria has said. The total electricity distributed by the Discos during the week averaged 3,207.11MW, the TCN data showed. The amount of electricity left unused by the power firms stood…

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