The constitutional amendment signed by President Muhammadu Buhari on March 17, empowering states to generate, transmit, and distribute electricity in areas covered by the national grid, could open up the sector to investments from Original Equipment Manufacturers (OEMs) and other investors, analysts say. Olalekan Olabode, chairman of Nigerian Institute of Electrical and Electronic Engineers (NIEEE), […]

read more State electricity autonomy opens sector to equipment manufacturers’ investments

    The Federal government of Nigeria, in collaboration with Edo State, are on track to begin the construction of the Jattu Dam, in Etsako West-Local Government Area, to provide potable water for residents and enhance all-year-round farming in the area. Godwin Obaseki, Edo State Governor, who made this known on Tuesday through his Twitter […]

read more Edo, FG set to begin construction of N8 billion Jattu Dam

The Federal Government spent N45.89 billion on 1,375 electrification projects from 2020 to 2022, according to a new report by the Rural Electrification Agency (REA). In the report themed ‘REA’s Strategic Intervention: Adopting a Programmatic Approach to Deliver Capital Projects’, it details how, in the last decade, it has implemented over 2,000 electrification projects, impacting […]

read more FG spends ₦46bn on electrification projects in three years

The Lagos Electricity Market plan of the Babajide Sanwo-Olu’s government seeks to provide a cheaper, cleaner alternative to inadequate grid power and could speed up industrialisation of the state. Analysts say other states wishing to set up their own power markets can model on it. Nigeria’s commercial capital currently generates an estimated 15,000 megawatts (MW) […]

read more Lagos power plan sets blueprint for others

The newly approved constitutional amendment that empower sub-nationals to generate, transmit and distribute electricity in areas covered by the national grid can improve electricity access across the country and promote rapid industrialisation, analysts say. State governments eager to develop their own electricity markets as well as private investors who wish to play in the electricity […]

read more New law paves way for states’ power markets