Surrendering To Power Sector Failures Not An Option – Gbajabiamila energycentral.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energycentral.com Daily Mail and Mail on Sunday newspapers.
The Bureau of Public Enterprises disclosed that the Federal Government plans to concession 36 state-owned assets, citing that as much as N5 billion would be earned annually from the concession of Calabar and Kano Free Trade Zones.
This was disclosed in a statement by the Director-General of the BPE, Mr Alex Okoh, in a webinar organised by the Nigerian Exchange Group and the Nigerian Investment Promotion Commission on Tuesday, according to the News Agency of Nigeria.
The BPE boss stated that the planned concession would increase export earnings from the Calabar and Kano FTZ, to $3 billion over a period of five to seven years citing that it would also generate annual savings of about N5 billion into the federal treasury.
NDPHC: Coalition of Northern Groups, others kick against planned privatisation of five power plants tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Ayobami Adekunle writes that the NDPHC has outlived its usefulness
The federal government incorporated the Niger Delta Power Holding Company Limited (NDPHC) as a limited liability company owned by the three tiers of government -FGN, states, and local government areas to serve as the legal vehicle to intervene in the power sector through direct provision of infrastructural facilities to bring immediate remedy to the power supply gap in the country. This included the establishment of generation facilities in order to reduce the power deficit as well as the provision of evacuation and distribution facilities to aid the process of stabilising the power supply value chain.
How relevant is NDPHC in current power dispensation? The Punch
Published 6 July 2021
The Federal Government incorporated the Niger Delta Power Holding Company Limited as a limited liability company owned by the three tiers of government in Nigeria, namely, the Federal Government, states, and local government areas, to serve as the legal vehicle to intervene in the power sector through direct provision of infrastructure facilities to bring an immediate remedy to the power supply gap being experienced in the country. This included the establishment of generation facilities in order to reduce the power deficit as well as the provision of evacuation and distribution facilities to aid the process of stabilising the power supply value chain.