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Top News In நைஜீரியன் சங்கம் க்கு ஆற்றல் பொருளாதாரம் Today - Breaking & Trending Today

High electricity costs overwhelm South South, South East businesses

High electricity costs overwhelm South South, South East businesses
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

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OPEC, stakeholders raise concern over $12.6tr oil, gas investment

FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi BoudinaNigeria and other oil-producing nations might find it difficult to raise over $12.6 trillion needed for oil and gas investment before 2045, the Organisation of Petroleum Exporting Countries (OPEC) and experts said yesterday in Abuja.
The most populous black nation has been struggling to finance oil and gas projects, as over $160 billion upstream projects remain in limbo, while major financiers are already declining to fund some programmes with Final Investment Decisions.
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Nigeria targets 10,000MW of electricity from $3bn interventions

The Federal Government, yesterday in Abuja, said 10 Gigawatts (10,000MW) of electricity is feasible from an investment of $3 billion being made in the power sector.
The prevailing situation of the nation’s power sector has rendered most of the previous projections by political actors a mere lips service as the country’s current transmitted electricity only stands below 5,000 megawatts. By projections, Nigeria should be generating 40,000 megawatts while a plan indicated leapfrog to 30 gigawatts by 2030.
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Vice President, Yemi Osinbajo however told stakeholders at a conference organised by the Nigerian Association for Energy Economics (NAEE) that bottlenecks are being addressed while noting that accelerated investment in transmission and distribution of over $3 billion will put Nigeria on a path to 10GW of electricity. ....

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Nigeria to generate 10GW electricity from $3b investment

Nigeria to generate 10GW electricity from $3b investment
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

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How Failure to Deregulate Downstream Sector Bleeds Economy

Patrick Atuanya
Deregulation. How this one word remains an enigma with regards to the downstream oil and gas sector in Nigeria must be one of the wonders of the world.
How can it be that something so glaringly and clearly the best way to go for Nigeria is not being adopted – especially when short term fixes like subsidies and pseudo deregulation policies have failed to make any impact?
The billions of naira Africa’s largest oil-producing country commits to subsidising petrol is no longer news, but what is more infuriating is the opportunity cost forgone in a slow growing economy that could use more private sector investments for job creation and growth. ....

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