From agriculture yesterday we turn today to power as one of the FGN’s more successful reforms which should not be overlooked amid the distractions of the global market turmoil and the elections in Nigeria next month.
Over the past few years, the Government of Nigeria (GON) has taken a series of steps to revive the country’s floundering power sector. Given the vast power/energy requirement for the country, and the historical control of the government owned monopoly - the Power Holding Company of Nigeria (PHCN), this has not come too soon, and power supply to homes and businesses in Nigeria has remained a focal point of the Goodluck Jonathan administration.
I wrote an open letter to President Barack Obama, as we mark the anniversary of the power Africa initiative this week.
Highlighted is the importance of this initiative, the success we have made so far in its first year, and what my company, Heirs Holding
It’s Time to Take Nigerian Power Reform Seriously. Despite ongoing challenges ranging from inadequate gas supply to antiquated wiring and transformers, the Nigerian power sector is moving full-steam ahead. During our most recent visit to Lagos, we heard e
Power Sector poll results released by NOIPolls Limited for Q1 2014 have revealed that an average of 63% (43%+20%) of Nigerians have experienced no improvement in their power supply, with 43% who experienced a worsened state and 20% having no difference at
An indigenous opinion research firm working in partnership with The Gallup Poll (USA), NOI Polls, recently confirmed that electricity supply has worsened since November 2013 when the power sector was handed over to new investors. It goes without saying th
At the conclusion of the first phase of the power sector privatisation programme, which was marked with the formal handing over of the 10 successor companies of the Power Holding Company of Nigeria (PHCN) on the November 1st 2013, there was a very high de
United Bank for Africa Plc (UBA) has extended US$700 million (N113 billion) in funding to different investors towards the acquisition of power assets in Nigeria's recently privatized power sector. Phillips Oduoza, Group Managing Director and Chief Executi