The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has voiced apprehension regarding the possible dangers associated with the Naira-for-crude oil policy. The association cautioned that the policy could threaten Nigeria’s foreign exchange stability and deter Foreign Direct Investment…
The ongoing destruction of Nigeria’s power infrastructure is no longer just an inconvenience but a looming threat to national security and economic stability. Over the past month alone, more than 18 transmission towers were vandalized in various states including Rivers,…
By Temitope Ajayi Angered by the appalling situation of Nigeria’s electricity supply sector over several decades of doing the wrong things by successive governments with no remedy in sight, even after hundreds of billions of public funds had been expended,…
By Seun Ibiyemi In an alarming turn of events, Nigeria’s national power grid collapsed 12 times in 2024 under President Bola Tinubu’s administration, leading to widespread power outages that disrupted lives and crippled businesses across the country. This marks a…
The recent announcement by the Minister of Power, Oloye Adebayo Adelabu, regarding Nigeria’s renewable energy investments provides a glimmer of hope for millions of citizens struggling with the country’s long-standing power supply challenges. Speaking at a workshop hosted by the…
…Grid collapse costs Nigeria N42.5bn – Report …Regulatory gaps, security challenges affect power sector — Chair, Senate C’ttee The Senate on Thursday has declared the privatisation of the power sector a ‘total failure’ and threatened to repeal the policy due…
The Federal government is calling for an ambitious $10 billion in private sector investment over the next five to ten years to address the nation’s chronic power supply problems. This appeal, made by the Minister of Power, Adebayo Adelabu, in…
The Speaker of the House of Representatives, Hon. Tajudeen Abbas has pledged the support of the National Assembly for the ongoing reform of the Nigerian power sector, and called for collaboration amongst all stakeholders to improve the reliability of the national…
The recent revelation by the Federal Ministry of Power that 63 transmission towers were vandalised between January and August is a stark reminder of the challenges facing Nigeria’s power sector. The ministry’s statement, laced with a sense of mortification, highlighted…
…Initiative to eliminate arbitrary, estimated electricity bills …Residents now have faster, easier access to subsidised meters …Ondo first state in Nigeria to operationalise power sector law In line with his promise to reform the power sector and ease the burden…
