Category: Power

Nationwide Blackout As Grid Suffers 4th Collapse in 88 Days

ADEOLA YUSUF

The total collapse occured 56 days after the grid crashed to zero on April 8, just 28 days. As of 6:00pm on Sunday, June 12, 2022, power generation by 13 Gencos has dipped to 1,353.80 MW) shortly before the system carved in     Nigeria, again, suffered a nationwide blackout on Sunday, June 12, as the national electricity transmission system popularly known as grid suffered total collapse Platforms Africa reports that the latest collpase, which rocked the country on Sunday evening, is the fourth time within the space of 90 days, and…

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Stop Generating Political Megawatt, Consumers to Tinubu, Atiku, Obi, Others

ADEOLA YUSUF

Millions of electricity consumers in Nigeria have declared that they were tired of political megawatts that have, in the past, been generated by politicians, tasking the presidential candidates of all the major political parties to desist from it. Rising under the auspices of the Nigeria Consumer Protection Network, the consumers specifically mentioned the candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu; candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar; candidate of the NNPP, Rabiu Kwankwaso; and the candidate of the Labour Party (LP), Peter Obi.…

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Tinubu promises 15,000MW Electricity, 25% Budgetary Allocation to Education

ADEOLA YUSUF

Here are the major take aways from the economic agenda released by Tinubu less than 24 hours after winning the APC Presidential ticket (Full Text)   The Presidential candidate of the All Progressives Congress, APC, Asiwaju Bola Tinubu, has rolled out his Nigeria Economic Agenda which could address the power supply epilepsy rocking the country. The agenda also plan to address persistent strike embarked on by the Academic Staff Union of Universities, ASUU, as it has promised to allot 25% of budget to education. According to a report televised on…

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Nigeria Tops 20 Nations With Poorest Electricity Access Globally

ADEOLA YUSUF

How 92 million Nigerians with no access to grid electricity earned country number one spot from below   Nigeria, ‘the giant of Africa’ has been classified as the leader of 20 top Countries with the largest ‘Electricity Access Deficit’ in the world with 92 million people unserved Platforms  Africa reports that the World Bank stated this in a report titled: “The slowing progress on access to electricity: The Energy Progress Report.” The report identified Nigeria as top on the ladder of 20 countries with the largest access deficits were home…

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Nationwide Blackout Looms As Electricity Workers Threaten Strike

ADEOLA YUSUF

NUEE threatens power disruptions, gives Transmission Company of Nigeria 14 day strike notice over pending issues   Electricity workers in the country have issued a 14-day strike notice to the management of the Transmission Company of Nigeria, TCN, over unresolved labour issues, threatening to down tools if the management fails to address their grievances. Under the aegis of the National Union of Electricity Employees, NUEE, the workers among others, decried the management refusal to address complaints arising from 2021 promotion exercise. Platforms Africa reports that in a petition to the…

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17 Yr-Old Boy Stabs Ikeja Electric Staff Over Disconnection, Crazy Bills

ADEOLA YUSUF

A 17-year old boy, Rokeeb Ogunola, has vented his anger on a staff of Ikeja Elecric company, Shehu Dogbe, by stabbing him with a knife for allegedly disconnecting their light over accumulated estimated electricity bill. Platforms Africa reports that the incident happened at Tunde Ilufoye Street Fatoki, off Isuti Road, Egan, Lagos, where the boy lives with his parents. According to the residents, the boy was angry and frustrated about the manner the staff of Ikeja Electric usually come to their house to disconnect light over the highly estimated bills.…

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DisCos Fret As Banks Perfect Assets’ Takeover Over N860bn Debt

ADEOLA YUSUF

UBA, Polaris takeover of AEDC, IBEDC becomes popular template for discourse at lenders’ Boardroom Commercial banks in Nigeria are now perfecting plans to takeover electricity distribution companies in the country as N860 billion debts burden weigh down on lenders. Platforms Africa reports that the banks provided funds to the 11 electricity distribution companies for the acquisition of majority shares in government’s power utilities during the November 1, 2013 privatisation exercise. The owners of the 11 discos, according to the Bureau of Public Enterprises (BPE), had paid the Nigerian Government $1.26billion…

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Declare Abuja DisCo, TCN National Security Risk, Group Tasks Buhari

ADEOLA YUSUF

“Over five million customers, embassies, banks, MDAs languish in darkness for over 5 days with no definite answer from AEDC on end to the outage,” Nigeria Consumer Protection Network declares   The Nigeria Consumer Protection Network has appealed to President Muhammadu Buhari to declare the Transmission Company of Nigeria (TCN) and Abuja Electricity Distribution Company (AEDC) as national risk. Platforms Africa reports that President of the group, Kunle Olubiyo, said this in the day the blackout rocking Abuja, Nigeria’s administrative capital, hits day 5. The demand by the group for…

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Nigerians Pay more For Electricity As Discos Hike Tariff to N56.28 pkwh

ADEOLA YUSUF

“Not power supply, neither generation nor transmission, the only thing in Nigeria’s Electricity sector that has consistently and geometrically increased since privatisation is tariff imposed on customers. Sadly, what we have here is a case of an expensive darkness.”   The Electricity distribution companies (DisCos) have hiked tariffs for customers in full compliance to the Multi-Year Tarrif Order (MYTO) given to them by the Nigerian Electricity Regulatory Commission (NERC). Platforms Africa reports that the NERC on Thursday officially released different documents indicating the approved power tariff increase payable by consumers…

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Nigeria Gets 10 Substations, 10 Transformers From €62.9m Siemens Deal

ADEOLA YUSUF

Power Minister visits Siemens in Berlin and Frankfurt, Germany, gives update on PPI deals as finance counterpart rolls out how Buhari approved $1.9 million and €62.9 million for the deals   The Nigerian Government says it is expecting delivery of 10 Mobile Transformers and 10 Mobile Substations, from Siemens. This, according to a report by Platforms Africa,is under the first phase of the Presidential Power Initiative which the Federal Executive Council (FEC) approved to the tune of $1.9 million and €62.9 million in 2021. READ ALSO I Am Angry With…

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