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FG To Invest N72bn In Electricity Distribution

FG To Invest N72bn In Electricity Distribution

Minister of state, power, works and housing, Suleiman Hassan Zarma, has stated that the federal government is ready to dole out N72 billion to electric distribution companies in the country to boost  power supply and increase consumers confidence. The minister who disclosed this yesterday in Gombe during the commissioning of 1x30MVA 132/33KV power transformer at […]

Power: 3,000MW Lost In Niger Delta – Fashola

Power: 3,000MW Lost In Niger Delta – Fashola

Minister of Works, Power and Housing, Mr Babatunde Fashola, on Saturday said 3,000 MW has been lost to insurgency in Niger Delta, leaving 180 million Nigerians with power output of 3,500 MW. “If we can get back the 3,000 we are losing in the Niger Delta, in addition to the 4,000 we are targeting, that […]

FG To Concession 2nd Niger Bridge, Four Airports

FG To Concession 2nd Niger Bridge, Four Airports

The Federal Government has listed six strategic intervention areas to be covered by the 2016 budget signed into law by President Muhammadu Buhari on Friday. According to a series of tweets from Aso Rock twitter handle, on Sunday, the intervention areas include Governance, Transparency and Security; Diversification (Industrialisation, Agriculture, Solid Minerals, Tourism, Entertainment); Critical Infrastructure […]

Power: FG To Decentralise, Concession Transmission Grid

Power: FG To Decentralise, Concession Transmission Grid

Nigeria is seriously considering the decentralisation of its power transmission network into segments which could be concessioned to private operators to invest in, manage and charge transmission fees, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said. Fashola said yesterday in Lagos that due to the current challenges of the country’s transmission […]