The electricity national grid has collapsed again leaving the country without public power supply. The latest collapse, the third in less than a month, came despite assurances by the Federal Government that it has taken steps to address the problem. The Transmission Company of Nigeria (TCN) who manages the grid had last month said it … [Read more…]
A new Senate bill meant to eliminate the current barriers hindering private sector investment in the power value chain passed second reading on the floor of the red chamber on Tuesday. It was titled, ‘Electricity Bill 2021.’ The sponsor, Senator Gabriel Suswan, said that when passed, the proposed legislation will attract the funds … [Read more…]
The World Bank has listed Nigeria among the three countries with the largest electricity deficits in the world. It said during the last decade, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa increased. The bank disclosed … [Read more…]