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After raising electricity tariffs, is NERC monitoring service delivery?

Power line

It is now four months since the electricity sector regulator, the Nigerian Electricity Regulatory Commission (NERC), nearly doubled electricity tariffs but questions remain regarding how effectively it is monitoring service delivery. In November 2020, the regulator began implementing the service-based tariff system where customers are supposed to pay for power based on the number of […] Read Full Story

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From basic lighting to powering healthcare centres, how Solar home systems improve lives

solar power

Solar Home Systems have evolved from providing basic lighting to powering primary healthcare centres in rural areas, paving a path for developing countries such as Nigeria to energise lives and livelihoods. Under the Solar Power Naija Programme Nigeria plans to roll out 5 million Solar Home Systems (SHS) to energise underserved and unserved communities. According […] Read Full Story

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Liquidity: Electricity sector generates N272.47bn in six months

***NERC blames MDAs, others for rising debts ***DISCOs collection efficiency Q3’20 By Obas Esiedesa Electricity market revenue grew by 10.55 per cent to N272.47 billion in the second half (July-December) 2020, compared to N246.46 billion generated in the corresponding period of 2019, according to the latest industry data obtained by Energy Vanguard. The growth followed
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Nigeria’s investor-friendly mini-grids regulations rank among Africa’s best

Mini-grids, a component of off-grid solutions, are providing developing countries an opportunity to attain universal energy access at the least cost and Nigeria’s investor-friendly regulations are some of the best in Africa. This is largely due to the efforts at developing a legal and institutional framework for mini-grids by the Nigerian Electricity Regulatory Commission (NERC) […] Read Full Story

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Court Remands Ex-Power Minister In EFCC Custody Over Alleged Corruption

  An Abuja High Court has remanded a former Minister of State for Power, Mohammed Wakil, in the custody of the Economic and Financial Crimes Commission (EFCC) over allegations of corruption. Wakil, who was arrested by the EFCC at his Abuja residence on Sunday, was arraigned on Monday before Justice Suleiman Belgore on two counts … Continue reading Court Remands Ex-Power Minister In EFCC Custody Over Alleged Corruption Read Full Story

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Independent System Operator: Exploring its Dynamics in the Current Ailing Power Sector (I)

Nigerian power sector

The importance of power evacuation infrastructure in the electricity value chain globally cannot be over-emphasised. The transmission network is vital to the sustenance of the power sector and the socio-economic development of any nation. Countries leverage clean and reliable electricity supply for economic growth and the transmission network guarantees that energy reaches the consumers. Following […] Read Full Story

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Opinion

Ehingbeti and the power of idea

Ehingbeti

In the words of Harvey Firestone, foremost American businessman, “Capital isn’t so important in business. Experience isn’t so important. You can get both these things. What is important is the idea. If you have ideas, you have the main asset you need, and there isn’t any limit to what you can do with your business […] Read Full Story

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NGA organises symposium to debate prospects in Nigeria’s Gas production

gas plant

The Nigerian Gas Association (NGA), biennial International Conference has assembled key experts who would discuss opportunities and potentials of attaining optimal gas production inline federal government’s gas development agenda. The virtual discourse with the theme “Powering Forward: Enabling Nigeria’s Industrialisation via Gas” will feature conversations across existing sectorial topics such as sustainable funding, and policies […] Read Full Story

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Communicating Power: Prioritizing Communications for an Informed and Accelerated Power Sector

Power

It would be accurate to describe Nigeria’s power sector as both “broad” and “complex.” We speak of a sector with a regulator, an overseeing ministry, seven governing parastatals, at least 18 generating companies, 11 distribution companies and over 61% of the country’s population as consumers (based on the 2006 National Census figures). These stakeholder groups […] Read Full Story

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Telecommunication Companies: Driving Broadband Penetration in Nigeria (part II)

Ikechukwu Nnamani

Ikechukwu Nnamani (president) medallion communications and the president, Association of Telecommunication companies in Nigeria in an interview with Businessday Jude Ofoegbu. We will like to know you? I am Engr. Ikechukwu Nnamani, President/CEO Medallion Communications Limited Your Ministry or Organization has been adjudged as one of the innovative Companies in Nigeria, how have maintained this […] Read Full Story

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What World Bank’s $500m loan means for Nigeria’s power sector

world bank

Improving the reliability of electricity supply, attracting private capital, achieving fiscal sustainability among others are some of the fundamental impacts the World Bank’s $500 million loan is expected to have on Nigeria’s power sector, energy experts say. Nigeria’s decrepit power sector has hobbled the growth of Africa’s largest economy for decades. However, with improved transparency, […] Read Full Story