Power Sector And Other Related News Stories For Friday April 19th 2024
FG Will Require N3.2trn To Subsidise Electricity – NERC
Chairman of the Nigeria Electricity Regulatory Commission (NERC), Sanusi Garba said on Thursday said that the Federal government would have to pay the sum of N3.2 trillion as subsidy for the electricity sector in 2024 if the recent increase in tariff is to be reversed.
https://www.vanguardngr.com/2024/04/fg-will-require-n3-2trn-to-subsidise-electricity-nerc/
Vandalism And The Power Sector
It is unfortunate that as the nation remains overburdened with the quest for improved and steady power supply, there are unpatriotic elements hell-bent on sabotaging government efforts. In what was numbered as the sixth national grid collapse of 2024, electricity generation in the country plummeted from 2,583.77 megawatts to 64.7MW for several hours last Monday. While there are other challenges, vandalism of transformer and powerline cables has become a major cause for these grid collapses
https://www.thisdaylive.com/index.php/2024/04/19/vandalism-and-the-power-sector-2
Nigeria’s Energy Sector is At a Crossroads: A Call for a Renewable Revolution
Nigeria’s recent abolition of fuel subsidies has thrust its energy sector into turmoil. Yet, amidst the chaos lies an opportunity for a sustainable future. With millions lacking electricity access and fuel prices skyrocketing, renewable energy emerges as a beacon of hope. Solar Home Systems are gaining traction, offering affordable alternatives.
NERC Paints Gloomy Picture of Power Sector
Chairman of the Nigeria Electricity Regulatory Commission (NERC) Sanusi Garba yesterday told the House of Representatives that government would spend a whopping N3.2 trillion to subsidize electricity in 2024 if the recent increase in tariff is reversed.Garba was speaking at a stakeholders meeting convened by the House of Representatives Committee on Power, where he said that current investments in the sector are not enough to guarantee a steady power supply.
https://dailyasset.ng/nerc-paints-gloomy-picture-of-power-sector/
Solar Energy Can Resolve Nigeria’s Energy Crisis – Oguntunde
As the country continues to grapple with power outages, Mr Adebayo Oguntunde, the Chief Executive Officer of Squidi Global Solar Power Solutions, a company that is into the provision of services in the areas of green energy and solar power projects, has that solar energy and alternative energy sources are capable of resolving Nigeria’s energy crisis.
https://independent.ng/solar-energy-can-resolve-nigerias-energy-crisis-oguntunde/
