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Electricity Distribution Companies (DisCos) in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.
Worried by the inability of the 11 distribution companies to distribute power to many consumers, the Nigerian Electricity Regulatory Commission (NERC) has said it is considering a new regulation to allow third-party investors take up and maintain parts of the vast electricity distribution networks currently owned by the Discos.
Electricity Distribution Companies (DisCos) say the non review of the Multi-Year Tarrif Order (MYTO), since February 2016 had resulted in the accumulation of over N1.4trillion shortfall in the nation’s electricity market.
Electricity Distribution Companies say the non-review of the Multi-Year Tarrif Order, since February 2016 had resulted in the accumulation of over N1.4trillion shortfall in the nation’s electricity market.
Owing to the non-review of the Multi Year Tariff Order (MYTO) since February 1, 2016, the shortfall of the Nigerian Electricity Supply Industry (NESI) has exceeded N1.4trillion.
GenCos accuse federal government of selling electricity to neighbouring countries on non-commercial terms
Electricity generation companies (Gencos) have accused the Nigerian Government of taking power from them and selling to countries in the West African region under the West African Power Pool (WAPP) on non- commercial but diplomatic terms.
Some stakeholders in the power sector have urged the Federal Government to review the power contracts agreement with the owners of the distribution and generation companies.
Joy Ogaji, executive secretary of the Association of Power Generation Companies (APGC), says the power firms might shut down plants over the inability of the Transmission Company of Nigeria (TCN) to transmit available volume of electricity generated into the national grid.
The Nigeria Electricity Regulatory Commission (NERC) has discarded the multi-year tariff order (MYTO) to cross check whether consumers are being cheated with the computation.
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has faulted the call for the cancellation of privatisation of power sector.
Minister of Power Alhaji Sale Mamman says that the Buhari administration is determined to provide and ensure that Nigerian universities enjoy reliable and uninterrupted power supply throughout the academic calendar.
A 34-year-old man identified as Innocent Ifunayachi has been arrested by the Lagos police for allegedly raping a 14-year-old girl after putting drug in her food.
The Edo Government has said that only 30,000 Certificate of Occupancy (CofOs), were issued by it in 50 years, which includes the period of Midwest State, Bendel State and the present Edo.
Tunisian giants, Esperance, will today know if their ‘victory’ over Wydad Athletic Club of Morocco on May 31 ‘controversial’ CAF Champions League final will be upheld or upturned by the Appeals Board led by Nigeria’s Abdulhakeem Mustapha (SAN).
A force of over 160 firefighters on Sunday battled to contain a large fire near Athens blazing for a second day amid gale force winds, officials said.
Hon. Babatunde Hunpe, a member of the House of Representatives, representing Badagry Federal Constituency.
Thirty kidnap victims including 12 children and 18 women have been freed from their captivity by armed bandits in Katsina State.
A government statement, on Monday announced that the late former president of Zimbabwe Robert Mugabe will be buried on Sept. 15.
The Central Bank of Nigeria has urged financial technology companies, payment service providers and Deposit Money Banks engaged in offering payment solutions to customers to ensure they adhere to policy framework and standards that guide their respective operations in the ecosystem in which they operate.
Nigeria Consul General in Johannesburg, Godwin Adama, says no Nigerian was arrested in the cause of evacuation of those voluntarily wish to leave South Africa following xenophobic attacks on them.