FG unveils integrated electricity policy
The event, according to the government, marks a critical juncture in the nation’s journey toward achieving a robust, sustainable, and inclusive power sector that meets the aspirations of all Nigerians.
The event, according to the government, marks a critical juncture in the nation’s journey toward achieving a robust, sustainable, and inclusive power sector that meets the aspirations of all Nigerians.
Today, the country is grappling with an erratic power supply which has now crippled the economy.
the electricity market operator said the development was due to the appreciation of the naira in the official exchange window.
Since one came of age, the power sector bears the trade mark of inefficiency.
Adelabu, grandson of Adegoke Adelabu, stormy petrel politician of pre-Independence Ibadan politics, should quit explaining the shortcomings of the Gencos and the Discos and concentrate his efforts on expanding the capacity of the national grid that the Bretton Woods institutions should have advised.
This development is not just a milestone for the power sector but a beacon of progress for Nigeria’s broader electricity challenges, characterized by issues in power generation, transmission, and distribution.
This development was made known by the company’s Chief Executive Officer, Mokhtar Bounour, who disclosed that the record-breaking result was made achievable through the support and cooperation of industry operators and stakeholders.
The Nigerian Gas Association (NGA) and other stakeholders have said the liquidity issues that hamper returns from the power sector should be speedily resolved to address legacy debts and facilitate full recovery of gas revenues from the Nigerian electricity supply industry.
The bank expressed worry that about 47 per cent of Nigerians had no access to grid electricity and those who had access faced regular power cuts.
“It is not true that Nigerians do not want to pay more for power but that they have been unhappy with the poor service over the years.