Tag Archives: CBN


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


Experts Want FG to Reinforce Commitment to Power Sector

Following Nigeria’s expected transition from the present government of President Goodluck Jonathan to the newly elected government of General  Muhammadu Buhari, experts and investors in the power sector want the acclaimed commitment enjoyed by the sector from the present government be sustained by the incoming administration. These experts in their appraisal of ongoing developments in

Distribution cable

Federal Government Sues Bayelsa for N1.9b Electricity Debt

The Federal Government has initiated steps to recover over N1.9billion allegedly owed the defunct Power Holding Company of Nigeria (PHCN) by the Bayelsa State Government for electricity consumption from 2007 to 2011. The Nigeria Electricity Liability Management Limited (NELML) sued the state, its Attorney-General, the Central Bank of Nigeria (CBN) and the Federal Ministry of

Poor Power Supply Threat to Rebased GDP Prospects

Source: The Union The less than 7 per cent contribution of the manufacturing sector to Nigeria’s Gross Domestic Products (GDP) recently released by the Federal Government is not encouraging when compared with the figures from other economies; even the countries whose economies are at par with Nigeria’s. The National Bureau of Statistics (NBS) in the

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