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NIGERIA: WE NEED NEW TECHNOLOGIES TO ADDRESS POWER, METERING CHALLENGES – BUHARI President Muhammadu Buhari has stated that Nigeria was in dire need of new engineering technologies to address its power supply and metering challenges.Speaking at the 27th Engineering Assembly of the Council for the Regulation of Engineering in Nigeria, COREN, Buhari, who was represented by the Minister of Water Resources, Mr. Suleiman Adamu, also emphasized the need for an upgrade in engineering practice in Nigeria.
$200M INVESTED IN OFF GRID RENEWABLE ENERGY The off grid renewable energy space which most experts describe as the future of the Nigerian power sector have been said to enjoy an investment capacity of up to $200 million in the last few years.
NEW METER BOX TO ADDRESS SHORTFALL IN ACCESSIBILITY Acting President Yemi Osinbajo, as part of the Federal Government drive to boost private sector participation, inaugurated a world-class meter and other plastics manufacturing factory constructed with the aim of addressing the shortfall in meter accessibility by end users in Nigeria.
NIGERIA, INDIA PARTNER TO DEVELOP RENEWABLE ENERGY Nigeria and India are making moves to explore opportunities in renewable energy development as part of the international agreements signed by both countries.Indian High Commissioner, Nagabhushana Reddy, at a Business meeting in Abuja, said the home government was committed to deriving at least 30 per cent of its power needs from renewable energy by 2030.
NIGERIA’S LARGEST POWER SECTOR INVESTOR TO GO PUBLIC SOON Sahara Group, the leading power producer in Nigeria has revealed plans to go public soon. According to him, going public is part of the expansion strategy of the company.Shonubi, whose firm operates in 29 countries, commended the National Assembly for passing the Petroleum Industry Governance Bill (PIGB) and urged the government to consider engaging more of the ex-private sector participants as policy makers.
POOR POWER SUPPLY IN NIGERIA: WHAT IS THE REASON? Nigeria is called the second poorest power supply country in the world. Still, there is always a bright future. The main idea is to concentrate on the renewable sources of energy which can drastically change the situation and promote better energy output for the country.
FED GOVT SEEKS MORE ENERGY DISTRIBUTORS The Federal Government is seeking more investments in distribution to improve electricity, Minister of Power, Works and Housing, Mr Babatunde Fashola, has said.The government, he said, was working towards actualising its dream of making electricity generated in the rural areas, a commercial product.
NIGERIAN INVENTION TO TRANSFORM AFRICA’S POWER MARKET Nigeria has faced many challenge regarding power generating capacity, hindering its development efforts. Now, a local start-up have developed a solution in the form of power assembly units, on the verge of being rolled out
NIGERIA: SCALING-UP SOLAR ENERGY DEPLOYMENT - NIGERIAN GOVT MUST LEAD National development, economic growth, infrastructure, industrialisation and manufacturing, share a common denominator; adequate and constant power supply. Such regularity in power supply guarantees that industries that create employment and wealth, run on a twenty-four hour cycle. Despite years of lip service to building up power supply in Nigeria.