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The African Development Bank (AfDB) Group Monday said it provided $150 million for the project. The balance of $50 million was issued from the Africa Growing Together Fund (AGTF) – a $2 billion facility sponsored by the People’s Bank of China.
The Presidency has condemned a statement credited to Ms Priti Patel, former Secretary of State for International Development, United Kingdom, calling on investors to be wary about investing in Nigeria.
The Minister of Power, Works and Housing, Mr Babatunde Fashola, on Thursday said that additional 945 megawatts of electricity would be added to the national grid before the end of the year.
The investors in the 14 solar IPPs signed Power Purchase Agreements (PPAs) with the Nigerian Bulk Electricity Trading Plc (NBET) in July 2016.
Palpable fear may have gripped stakeholders in the power sector value chain over the fate of the electricity Generating Companies (Gencos) should the N701 billion Payment Assurance Guarantee (PAG) programme end next year.
The House of Representatives has asked the Nigerian Electricity Regulatory Commission (NERC) to reinstate the suspended board of Ibadan Electricity Distribution Company (IBEDC).
The Minister of Power, Works and Housing, Babatunde Fashola, on Monday said Africa must intensify efforts at improving transmission grid for renewable energy to be effectively developed on the continent.
Ahmed Idris, accountant general of the federation, says Abdulrasheeed Maina, former chairman of the Presidential Task Force on Pension Reforms (PTFP), is not receiving salary as claimed by his counsel.
Across Africa, the Public Private Partnership (PPP) model has become increasingly critical as both a funding and operational mechanism for social and economic infrastructures
Police personnel of the Kaduna State Police Command are presently carrying out a peaceful protest against the non-payment of their August and September salaries.
Electricity distribution companies do not believe that there are about 2,000 megawatts of electricity that are stranded in the Nigerian power sector.
All Progressives Congress National Leader and Co-chair of the party’s Presidential Campaign Council, Asiwaju Bola Tinubu, has said though the postponement of yesterday’s Presidential and National Assembly elections was painful, all those who actually came out to vote and those who intended to vote in the postponed elections must maintain their commitment.
The Independent National Electoral Commission (INEC) has said the decision to postpone the 2019 general elections was entirely that of the commission and not due to any external influence.
Many Nigerians have reacted over the postponement of the presidential and National Assembly (NASS) elections by the Independent National Electoral Commission (INEC). While some have expressed shock and disappointment, others see it as a welcome development that will enable the electoral umpire conduct proper elections. Yet others see it as a distraction and a way of discouraging people from voting.
The INEC Chairman, Professor Yakubu Mahmood has explained why the commission postponed the Presidential and National Assembly elections scheduled for Saturday, February 16.
Militants and ex-militants in the Niger Delta region have endorsed the re-election bid of President Muhammadu Buhari.
A Bauchi-based politician, Dr Ibrahim Waziri, has said that the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, lacked the qualities that would pose a challenge to President Muhammadu Buhari at the February 16 presidential election.
The Peoples Democratic Party (PDP) has cried out over the on-going clampdown, unlawful arrest and detention of its officials and members in various parts of the country by the presidency and the All Progressives Congress (APC) ahead of Saturday’s election.
Nearly 120 children were released from an armed group in South Sudan on Monday, bringing the total number of children released to 3 100.
The Gubernatorial candidate of the ruling All Progressives Congress (APC), in Oyo State, Mr. Adebayo Adelabu, has declared that no amount of alliance or merger by the opposition political parties in the state will stop his victory in the election billed to take place on Saturday, 2nd March.