By Oke Peter Nine months after the Senate resolved to investigate alleged $25b contract scam in the Nigerian National Petroleum Corporation (NNPC), no positive step has so far been taken to provide details to anxious Nigerians. After its inaugural meeting in October 2017, the committee soon buckled under pressure, allegedly mounted on it by…
The controversy over the $16billion power projects in the country raged on yesterday, May 30, 2018, with a highly-placed source linked with the Niger Delta Power Holding Company (NPDHC) claiming that between $8.4billion and $8.58billion, out of the projected $16 billion was the amount actually allocated. The release of the $8.58billion was between 2005 and…
The Electric Power Sector Reform Act (EPSRA) of 2005, and the Nigerian Electricity Supply Industry (NESI) are on the journey towards a perfect competition in the electricity industry market where there are few, if any, barriers to the entry of new players and prices are determined by the forces of demand and supply. Energy News…
