Tag Archives: Business

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Power Supply: 39 billion naira Debt Threatens Operation of Egbin Power Plant

Power Supply: 39 billion naira Debt Threatens Operation of Egbin Power Plant

The chairman of Egbin Power Plc, Mr. Kola Adesina, on Monday raised the alarm that a debt of N39 billion owed by the Federal Government to the Egbin Power Station for the power it generated into the national grid since November 1, 2013 to date has created liquidity crisis that is hampering optimal operation of

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World Bank, AfDB Commend Nigeria’s Power Sector Privatisation

World Bank on Sunday lauded the Federal Government on the successful completion of the power sector privatisation, urging other African countries to borrow a leaf from the exercise. The African Development Bank also commended the present administration for investing proceeds from partial removal of fuel subsidy on infrastructure development among other sectors. The commendations came

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