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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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PIB: Light at the End of Tunnel?


Last Thursday, the National Assembly finally passed the much-talked-about Petroleum Industry Bill, after a tortuous two decade-long sojourn. Emmanuel Addeh asks if the bill, now awaiting the assent of President Muhammadu Buhari, after harmonisation by the lawmakers, would see the light of the day
From all indications, it appears that the Petroleum Industry Bill (PIB) may finally see the light of day and eventually serve as the framework for operations in the oil and gas industry, having suffered several setbacks for close to 20 years, from the period the entire process first started.
Although, in the past, there had been several attempts to pass the law, such moves, in the end, have always ended in utter failure. Even in some cases when the national assembly succeeded in passing it, the president wouldn’t give his assent. ....

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As PIB Faces Fresh Hurdles…


After over two decades in the works, the Petroleum Industry Bill (PIB), arguably the piece of legislation with the most tortuous journey in the nation’s history, is again faced with what looks like new impediments. With all the parties, seemingly sticking to their old rigid positions during a two-day public hearing at the National Assembly during the week, it’s uncertain who will blink first or whether there will be a middle ground in the next few months. In this report, Emmanuel Addeh wonders if the bill, one that has been described as pivotal to the long-term overall survival of the oil and gas industry, will survive the turbulence this time or be finally confined to the dustbin of history ....

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The Ninth Assembly and the PIB demons - Vanguard News


Vanguard News
The Ninth Assembly and the PIB demons
On
By Felix Akindeji
SLIGHTLY above 2,000 years ago in the country of the Gerasenes near Galilee, there was this story of the encounter between Jesus Christ and a man possessed by demons who pleaded with Jesus not to torture them. Rather, the evil spirits in him requested that they be sent into a large herd of pigs feeding on the mountain. This, Jesus, obliged them and they went into the pigs resulting in their charging down the cliff into the lake where they drowned.
I am not sermonising here. Instead, I want to draw an analogy between an incident that happened in that tiny city more than 20 centuries ago and the happenings in our country in the contemporary era. I am using demon here as a ....

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