Nigeria targets tariff, DisCo audit, grid reforms
- 28 January 2021 / News / 68 / Africa-Bi1
Nigeria’s Minister of Power, Sale Mamman, yesterday, hinted at targeted tariff reforms, an audit of electricity distribution companies (DisCos), the efficiency of the nation’s national grid, and sustainability of off-grid renewable solutions.
Increase in electricity tariff in the face of attempts by the government to stop subsidising power, where over N1.7 trillion had been spent, which attracted widespread condemnation in the past months
Consequently, an understanding with the United Kingdom may address the infrastructure deficit in the nation’s electricity sector.
Mamman, who met with a group of the United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF), in Abuja, said there could be technical support for Nigerian Electricity Regulatory Commission (NERC), Transmission Company of Nigeria (TCN), Rural Electricity Agency (REA), and Nigerian Bulk Electricity Trading Company (NBET)
The UKNIAF is regarded as a flexible rapid response UKAID-funded programme and implemented by Tetra Tech International
Recall that President Muhammadu Buhari and some of his officials and other stakeholders numbering over 70 were in London last year for the UK-Africa Investment Summit. The summit had reportedly helped the country to secure about £364 million investment between the two countries.
NIGERIA:ELAN canvasses govt, businesses investment in leasing to boost economy
- 26 January 2021
The Equipment Leasing Association of Nigeria (ELAN) has listed leasing as a major financing tool that can bring the economy out of the woods.This was highlighted in its 2021 outlook released by the as...