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Electric Power Sector Reform Act
Some stakeholders in the power sector have called on the Federal Government to fulfill its 40 per cent funding to electricity distribution companies (DISCOS) to enable them function effectively.
The Nigerian Electricity Regulatory Commission (NERC) says no tariff increase has been approved by the commission yet.
The Ministry of Power, Works and Housing has said an increase in electricity tariff can only be justified by widespread provision of meters and improved service delivery to customers.
Senate Committee on Power, Steel Development and Metallurgy has recommended a jail term of 10 years, without an option of fine, if found guilty to have conspired, counselled or accepted to procure or to hold in custody, stolen parts, components or pieces of a public power equipment.
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to major presidential candidates for Nigeria’s February 16 election urging them to “publicly commit to revolutionary and innovative anti-corruption reforms in five key areas, such as security votes, power sector corruption, judicial corruption and removal of immunity for presidents, vice-presidents, state governors and deputy state governors.”
The federal government has accused electricity distribution companies (Discos) and the Transmission Company of Nigeria (TCN) of using substandard equipment to execute power projects.
The management of Ikeja Electric says it has commenced distribution of over 850,000 prepaid meters to its consumers in its six business units in Lagos.
The Nigeria Sovereign Investment Authority (NSIA) on Thursday said it paid about $417.46 million to the country’s electricity bulk trader, the Nigeria Bulk Energy Trading Company Plc (NBET).
The Eligible Customer policy introduced by the Federal Government in the power sector will lead to a 14 per cent increase in the electricity tariff payable by residential consumers across the country, power distribution companies have said.
DisCos, investors urge federal government to provide solution to N1.3 trillion electricity tariff gap
Electricity Distribution Companies and investors in the distribution chain have called on Federal Government to bridge the N1.3 trillion electricity tariff gap to enable DisCos meet their performance agreement with the government.
The Minister of Power, Works and Housing, Mr Babatunde Fashola, says his directive to Nigerian Electricity Regulatory Commission (NERC) is rectify issues impeding electricity supply in the country, but not to demonise DisCos.
Also, the minister freely lampooned the Executive Director, Research and Advocacy of the Association of Nigerian Electricity Distributors (ANED), Mr. Sunday Oduntan, who responded to his orders for the Discos. He specifically called Oduntan an interloper.
The Federal Government has committed to invest N72 billion on the procurement and installation of equipment to help distribute unused 2,000 megawatts of electricity to consumers in the country.
The federal government on Monday asked the 11 electricity distribution companies (Discos) in Nigeria’s electricity market to buckle down or get out and leave the business of power distribution for people who are willing to compete and uphold their obligations in the sector.
Nigerian Electricity Regulatory Commission, NERC, has granted a 9.5 megawatts embedded electricity generation licence to Ariaria Market Independent Power Plant Limited and an Independent Electricity Distribution Licence to distribute same within Ariaria Market to Ariaria Independent Energy Distribution Network Limited.
The Enugu Electricity Distribution Company (EEDC), has established a Special Investigation and Prosecution Task force on Electricity Offences (SIPTEO).
The house of representatives has resolved to investigate the alleged diversion of N2 billion and $3.8 million interests on the proceeds of the sale of Power Holding Company of Nigeria (PHCN).
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The Economic and Financial Crimes Commission (EFCC), Uyo Zonal Office, has arrested three men in Uyo for impersonating the staff of the Commission.
Ogun State governor, Dapo Abiodun, said on Tuesday, he almost gave up the idea of contesting for public office after his attempts to become governor and Senator in 2003 and 2015 failed .
The Presidency last night said that Vice President, Yemi Osinbajo, followed due process in his supervision of agencies under him.
The Niger government says it has paid N200 million to National Examination Council (NECO), to ensure the release of results of 30,000 students being withheld by the examination body.
Oyo State Governor, Engineer Seyi Makinde, has pledged that his administration would be fair, just and equal to all religions in the state, noting that the prayers of Muslim clerics contributed to his election victory.
Detectives from Bariga Police Station have arrested one Emmanuel Olatunde (aka “Pastor”), a notorious cultist.
A Federal High Court sitting in Port Harcourt Rivers State has vacated a forfeiture order secured by the Economic and Financial Crime Commission (EFCC) on some properties belonging to former Imo Governor Rochas Okorocha and some members of his family.
Afro-pop star Tiwa Savage strutted the runway for a supermodel Naomi Campbell’s 2019 Fashion for Relief show.
High-profile tax defaulters got a 30-day window to regularise their tax status with the Federal Inland Revenue Service (FIRS), failing which they risk forfeiting the tax equivalent directly from their bank accounts to the Federal Government.
The Minister of Communications Dr. Isa Ali Ibrahim, has explained that he ordered the Nigerian Communications Commission, NCC, to ensure all mobile network operators block all SIM cards that do not meet proper registration standards until users comply with proper reregistration procedures because of their security risk.