Tag: Power - Page 4 - African News Today

Implementation of New Electricity Tariff to Resume Next Week

31Oct

By Obiajulu Joel NwoluNo Comments

Implementation of New Electricity Tariff to Resume Next Week

Special adviser to the president on infrastrure, Ahmed Zakari has said that electricity distribution companies (DiscCos) will resume implementation of the new electricity tariff next week. A news service-based reflective tariff (SRT) structure was implemented on September 1 by the DisCos after approval by President Muhammadu Buhari. The new tariff was halted after the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) kicked against the hike. The organised labour called for a nationwide strike to protest the new electricity tariff and the hike in petrol pump price. However, the strike was suspended at the eleventh hour after the organised labour reached an agreement with the federal government to suspend the implementation of the new tariff pending the findings of...

FG Approves Extension of New Electricity Tariffs Suspension by One Week

12Oct

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

FG Approves Extension of New Electricity Tariffs Suspension by One Week

The Federal Government and the organised labour yesterday agreed to extend the suspension of the new electricity tariffs by one week. The decision was reached on Sunday during a meeting between the FG team and the leadership of the Nigeria Labour Congress and the Trade Union Congress. Recall that the government had on September 28 postponed the implementation of the new tariffs by two weeks to its review by the technical committee after a meeting with organised labour, which kicked against the spike in petroleum and electricity prices. The FG team led by the Secretary to the Government of Federation, Boss Mustapha in a meeting with organised labour at the Presidential Villa banquet hall also agreed to distribute one million meters to reduce the metering gap in the country. The ...

Tariff Hike Suspension: We Are Yet to be Informed – Discos

29Sep

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Power

Tariff Hike Suspension: We Are Yet to be Informed – Discos

Following the agreement between the organised labour and Federal Government on suspension of electricity tariff hike for two weeks, power distribution companies on Monday said they are yet to receive official directive from the Nigerian Electricity Regulatory Commission (NERC) on the suspension. Investigation shows the discos are confused on the implication of the agreement between FG and labour unions as regards the suspension of the spike in electricity tariff. Executives of power distribution companies on Monday said they were expecting the NERC to inform them of a new tariff plan to be utilised within the two weeks as agreed by FG and organised labour pending substantive agreement. Reports say even though the Discos said they would require three to four days to change their bi...

Nigeria: Exposing Lai Mohammed’s Lies On Electricity Tariff Hike by Reno Omokri

27Sep

By adminNo Comments

Economy, Infrastructure, News, Nigeria, Power

Nigeria: Exposing Lai Mohammed’s Lies On Electricity Tariff Hike by Reno Omokri

My attention has been drawn to comments by General Muhammadu Buhari’s aptly named Minister of Information, Lai Mohammed, to the effect that the recent 300% increase in power tariffs is the fault of the Jonathan administration. Mr Mohammed’s exact words were as follows: “Before we came in, the power sector had been privatised by the previous administration, but the people they sold to them are incompetent. When we assumed power, we met the mess. Apart from the fact that the Distribution Companies (Discos), could not meter the people, they also could not pay for the electricity generated by the Generation Companies (Gencos), from the Nigerian Bulk Electricity Trading Companies.” Not only are these statements false, they also expose Lai Mohammed’s, and the Buhari administration’s, sh...

Fashiola, Ngige Approve Reinstatement of TCN staff

27Sep

By Chinedu IbeakanmaNo Comments

Infrastructure, Labour, News, Nigeria, Power

Fashiola, Ngige Approve Reinstatement of TCN staff

Former retired staff of the Transmission Company of Nigeria (TCN), Dr. Chris Okonkwo has been reinstated back to the service of the company. According to a statement signed by the General Secretary of Senior Staff Association of Electricity and Allied Companies (SSAEAC), Comrade Nnamdi Ajibo, Okonkwo’s reinstatement followed review of petitions and due investigations by the Ministers of Power and Labour, Dr. Chris Ngige and Mr. Babatunde Raji Fashola (SAN). According to the statement which reads in part: “Recall the illegal, malice and impunity-driven action of premature retirement of our President General, Engr. Dr. Chris Okonkwo (DBA, FNSE), from the services of TCN, vide a letter dated 24th April 2020, by the former MD TCN, Usman Gur Mohammed.”

Ikeja Electric Introduces E-Bills To Enhance Customer Experience

28Aug

By Debo OmilaniNo Comments

Economy, Lagos News, News, Nigeria

Ikeja Electric Introduces E-Bills To Enhance Customer Experience

Ikeja Electric distribution company has introduced its electronic billing (e-billing) platform, which enables customers to receive electricity bills promptly and conveniently, via channels such as SMS, USSD, email, IE Bill portal and IE mobile Application. This contained in a statement issued on Wednesday in Lagos by the Head, Corporate Communications for Ikeja Electric, Felix Ofulue, saying the e-billing initiative is in continuation of Ikeja Electric’s desire to leverage innovation and technology to improve customer experience. According to him, It is designed to deliver electronic bills directly to the customer thereby eradicating challenges such as misplaced bills or delayed delivery and other issues which are associated with distribution of physical bills. He explained that t...

Opinion: Shocking Fact – Why Nigeria’s Power Sector Privatization is not Succeeding

26Dec

By adminNo Comments

News, Nigeria

Opinion: Shocking Fact – Why Nigeria’s Power Sector Privatization is not Succeeding

Despite the fact that privatisation was necessary, the wicked 1999 Constitution actually planned its failure by bringing up agencies, controls and over Lordship that must kill it. So the federal government Electricity Power Sector Reform Act in 2005 (EPSRA 2005) which led to the creation of PHCN, NERC, NBET, NESI, and the unbundling of NEPA into 6 generation and 11 distribution companies. By 2013, NEPA had been privatised. The government did not privatise the Transmission Company of Nigeria (TCN); they held on to it. For easy understanding, TCN is the platform through which the GENCOs and DISCOs relate. The NERC controls them all. Was the privatisation necessary? Yes! Government has no business in business. And no more salaries overhead. Was the privatisation successful? Hell, n...

Nigeria: Electricity Firms Drag FG to Court over N1 trn Debt

8Mar

By adminNo Comments

Economy, Nigeria

Nigeria: Electricity Firms Drag FG to Court over N1 trn Debt

Accuse FG of unfair practices, refusal to pay for power generated Allege favouritism towards 2 coys in gas supply The power crisis in the country may worsen as the Power Generation Companies in Nigeria, GENCOs, have dragged the Federal Government before a Federal High Court sitting in Abuja, over alleged preferential treatment to two of its competitors with intent to harm their business interests. The GENCOs, which said members were on the verge of collapse over debts in excess of N1 trillion currently generate 80 per cent of the power consumed in Nigeria. They accused the Federal Government of giving preferential treatment to Azura Power West Africa Limited and Accugas Limited to the detriment of the Nigerian Electricity Supply Industry and the power sector as a whole. ...