• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Anti-Corruption Post Privatization Of Power Sector Has Infused More Resources Into Rehabilitation Work...
  • Anti-Corruption

Post Privatization Of Power Sector Has Infused More Resources Into Rehabilitation Work – Nebo

By
Timothy Oyedeji
-
February 3, 2015

The Minister of Power, Professor Chinedu Nebo has observed that since the advent of private sector led generation and distribution sub-sectors, a little over a year ago, there has been huge injection of funds, by the investors, towards revamping the inherited assets.

This he said, has led to substantial increase in capacities of Egbin and Ughelli thermal plants as well as Kainji Hydro station, which had been in comatose for many years before now. For instance he said, an extra 220MW has been reportedly recovered from Egbin only last week, as a result of the successful repair of its 6th turbine, blown up about 9 years ago.

Speaking on Good Morning Nigeria, a magazine programme of the NTA recently, Professor Nebo said that the development assisted Government to switch attention to other things, as such, the many years of neglect of the power sector is steadily being redressed.

Professor Nebo said a lot has happened since this exercise with all actors trying hard to adjust, adding that privatization of the power sector has contributed immensely to service delivery to the end users.

        On line of communication for customers with complaints, the Minister said that customers have direct contact with their various Distribution Companies through the designated Business Centres, he advised customers to lodge their complaints through this channel and if unsatisfied to contact NERC Offices even at the zones.

Read Also:

  • Empowering Nigerian Youth in Building a Climate-Resilient Future By Mustapha Abdulganiyu
  • Nigeria’s Painful Path from Policy to Prosperity By Shukurat T. Ibrahim
  • Military Repels ISWAP Fighters in Gamboru Ngala

        While emphasizing the importance of metering in the new dispensation, the Minister said, “sadly only about 50% Nigerians have access to meters, leaving a huge gap of un-metered customers; this has informed the plan of Government to inject 1 million meters”. He announced that the one million meters would be procured from local manufacturers in order to encourage them.

        Prof. Nebo also explained that the recently announced intervention fund is a soft loan arising from Synergy with stakeholders including the CBN, Ministries of Petroleum Resources, Power and Finance, aimed at infusing liquidity into the Electricity market, so that customers are not over taxed. The fund will also help to offset debts owed to gas suppliers.

        Speaking on the new gas tariff, the Minister insisted that this was the first time a cost reflective tariff that will assist all actors recoup their investment has been put in place, hence gas suppliers are encouraged, while end users of gas will be assured of supply.

        On acts of vandalism of Gas infrastructure, the Minister said henceforth Government will redouble its efforts through synergy with other security agencies like the Navy, National Security Adviser’s Office, Civil Defence Corps, Police and the Army, in addition it would use digital ststem to curb the menace.

        Prof. Nebo said before the advent of President Goodluck Jonathan Administration, there was no policy on renewable energy and energy efficiency, but now, a workable policy is at its final stage, as Government intends to energize large populations of people living in the rural areas.

        Through solar-powered energy sources, rural communities that are so far flung that it would take 2 decades to get them connected to the national grid, would get electricity, because with privatization they would be classified as non-viable by investors.

Timothy Oyedeji

Deputy Director (Press)

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
Previous articleFG Inaugurates 363 Patrol Vehicles For Police
Next articleEFCC Records 126 Convictions
Timothy Oyedeji
Timothy Oyedeji
https://prnigeria.com/

RELATED ARTICLESMORE FROM AUTHOR

Lawmakers Move to Limit President’s Power Over EFCC Chairman’s Removal

EFCC

In 2 Years, EFCC Recovered N566bn, $411m, 1,502 Properties — Olukoyede

ICPC Generates Record N1.86 Billion from 2024 Asset Disposal

ICPC, EFCC, CCB Partner on Commonwealth Anti-Corruption Research Initiative

ICPC), Dr Musa Adamu Aliyu, SAN

ICPC Chairman Advocates Speed, Consistency in Handling Corruption Cases

Court Admits Samuel Aruwan’s Statement in ICPC’s Money Laundering Case Against Ex-El-Rufai Aide

NAHCON

Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu Administration

Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

FG Reaffirms Non-Interference in ICPC, EFCC Operations

ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

Engr Abba Babagana Dalori

Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

Chinese nationals jailed in Lagos

Court Jails Nine Chinese Nationals for Cybercrime in Lagos

ASUU

Tackle Corruption, Institutional Decay – ASUU Charges FG

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Empowering Nigerian Youth in Building a Climate-Resilient Future By Mustapha Abdulganiyu
  • Nigeria’s Painful Path from Policy to Prosperity By Shukurat T. Ibrahim
  • Military Repels ISWAP Fighters in Gamboru Ngala
  • FCT Police Clamp Down on Criminal Hideouts, Arrest 62 Suspects
  • Kano Police Arrest 2 Suspected Bandits, Move to Resolve Herders-Farmers Clash in Makoda
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Empowering Nigerian Youth in Building a Climate-Resilient Future By Mustapha AbdulganiyuNigeria’s Painful Path from Policy to Prosperity By Shukurat T. IbrahimMilitary Repels ISWAP Fighters in Gamboru NgalaFCT Police Clamp Down on Criminal Hideouts, Arrest 62 SuspectsKano Police Arrest 2 Suspected Bandits, Move to Resolve Herders-Farmers Clash in MakodaCommunication is National Security, Not Just Media Work – NIPR PresidentCustoms Hands Over N562 Million Worth of Seized Drugs to NDLEA, Arrests Suspect in LagosFG Moves to Strengthen Nigeria’s Global Voice, Counter Negative CampaignsAnambra Police Launch Probe into Viral Video of Alleged Cult Initiation Involving MinorTinubu’s Sudden Military Overhaul Rekindles Coup Fears, Public Reactions Flood TwitterAnambra Guber Poll: INEC Deploys AI Virtual Assistant to Train Staff'Tell Nigerians the Truth’: ADC Challenges Tinubu on Military Shake-UpOluyede, Shaibu, Aneke, Abbas: Faces, Records and Mission of Tinubu’s New Service ChiefsCOAS Waidi Shuaibu: Profile of The Battlefield Strategist to  Redefine Nigerian Army LeadershipThings To Know About the New Chief of Naval Staff,  Rear Admiral Idi Abbas
X whatsapp