Tag Archives: LCCI

No justification for electricity tariff hike – Stakeholders

No justification for electricity tariff hike – Stakeholders

Nigerians have been thrown into confusion over whose authority supersedes on the issue of electricity tariff increase. No sooner than President Muhammadu Buhari assured Nigerians that there will be no hike until supply improved significantly, the Nigerian Electricity Regulatory Commission, NERC, last week declared a new tariff regime effective from November 1. Stakeholders noted that

Gas Challenge Harming IPPs in Nigeria

With over 100 licences already given to interested investors for independent power projects (IPPs) in the country, a major common challenge facing many of the IPPs is gas supply in a country likened to an island of oil sitting on an ocean of gas. Over 100 applications for IPPs are awaiting approval, the Nigerian Electricity

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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