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DisCos: Investor-banks woes worsen

The state of electricity supply in the country is not showing any sign of improvement as recent report put the Distribution Companies, Discos, which are the third leg of the value chain in deeper crisis than earlier envisaged. Similarly, generating capacity was said to have dropped again to about 3000MW in the past couple of weeks and plunging the country in darker situation.

We will engage new govt on policies affecting workers, says Ajaero

The elections have come and gone. People should take their grievances to court. They can equally protest if they are not satisfied with the outcome. As far as the NLC is concerned, this country must exist.

Standard-bearer, not Flag bearer

Standard-bearer, not Flag bearer
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Nigeria needs about 100,000MW of power - Elumelu

Nigeria needs to increase its electricity generation from about 5,000 to 100,000 Megawatts to power the nation’s economy. This was disclosed by the Chairman of Transcorp Group, Tony Elumelu in an interview on Arise TV on Wednesday. According to him, the nation needs to stabilize its transmission lines, provide adequate gas supply and strengthen her payment plans. He said, “Nigeria needs about 100,000 MW to power the economy. It also needs to stabilize the transmission lines and ensure access to gas supply. For Nigerians to heave a sigh of relief in the sector, it needs to boost generation, fix gas supply to GenCos, boost payment of distribution and ensure power generated are taken by DisCos. Here I must commend the CBN Governor because he has helped to maintain peace in the space.

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