Power Sector And Other Related News Stories For Wednesday November 29th 2023
Nigeria’s Power Sector Problem is Not Engineering But Leadership – Adelabu
Nigeria’s power sector problem is not engineering but leadership.
This is according to Adebayo Adelabu, the country’s minister for power, who made the statement during the 3rd Roundtable on the Engagement on the Enforcement of Technical Standards and Regulations in the Multi-tier Nigerian Electricity Supply Industry (NESI) organized by the Nigerian Electricity Management Services Agency, NEMSA.
During the event, Adelabu analyzed what has gone wrong in the country’s power sector and the strategies he has outlined to address the challenges.
FG Seeks Higher Standards in Power Sector Amid Fresh Intervention
The Minister of Power, Adebayo Adelabu, has unveiled a comprehensive bottom-to-top strategy aimed at addressing the long-standing challenges in the power sector.
Speaking at the Annual Roundtable organised by the Nigerian Electricity Management Services Agency (NEMSA), Adelabu outlined a transformative approach that prioritizes the needs of electricity consumers over a singular focus on power generation.
In this strategic shift, Adelabu emphasised that fostering a robust connection with electricity consumers would be pivotal in resolving liquidity issues that have plagued the sector since its privatization. By emphasizing various models for electricity generation that consumers are willing to pay for, the minister envisions a more sustainable and economically viable power sector.
https://guardian.ng/energy/fg-seeks-higher-standards-in-power-sector-amid-fresh-intervention/
FG Will Focus On Metering, Power Distribution – Minister
The short-term focus of the Federal Government in the power sector is to prioritise metering, electricity distribution and transmission to enhance power supply nationwide, the Minister of Power, Chief Adebayo Adelabu, has said.
He disclosed this during the 3rd Roundtable on Enforcement of Technical Standards, Regulations and Mandate of the Nigerian Electricity Management Services Agency, according to a statement from the power ministry on Tuesday.
Adelabu highlighted the upcoming power sector strategy roadmap, emphasising a bottom-up approach to prioritise impact over the previous top-down strategies.
https://punchng.com/fg-will-focus-on-metering-power-distribution-minister/
Minister Unveils Short-term Power Sector Focus
In a commitment to enhance electricity supply nationwide, the short-term focus in the power sector will prioritise metering, distribution, and transmission infrastructure.
Minister of Power, Adebayo Adelabu, announced this shift during the 3rd Roundtable on Enforcement of Technical Standards, Regulations, and Mandate of NEMSA.
Adelabu highlighted the upcoming power sector strategy roadmap, emphasising a bottom-up approach to prioritise impact over the previous top-down strategies.
Adelabu outlined the strategy, stating, “We will focus on customers, down to distribution and transmission infrastructures in the short term, ensuring a significant portion of currently generated power reaches consumers.”
https://leadership.ng/minister-unveils-short-term-power-sector-focus/
LCCI Seeks Full Deregulation of Downstream Sector
The Lagos Chamber of Commerce and Industry (LCCI) has blamed the federal government’s subsidy regime and legal framework for the declining foreign direct investment (FDI) inflows into the oil and gas downstream sector.
According to the President of the chamber, Michael Olawale-Cole, subsidy and legal framework of the downstream sector generally repelled investments, maintaining that it is the reason why the sector had the least FDIs compared to the midstream and upstream sectors.
https://guardian.ng/business-services/lcci-seeks-full-deregulation-of-downstream-sector/
Funny Sides of Nigeria’s Electricity Crisis
Trust Nigerians, they know how to survive under any condition, no matter how dehumanising the situation may be.
That is why somebody said recently that most Nigerians can be described as local government chairmen because of the kind of provisions they make for themselves that are naturally the roles of local governments.
To buttress his point, that man said residents have been contributing to fixing their roads, a role that belongs to federal, state or local government depending on whether they are Trunk A, B or C roads.
He did not stop at that, he argued that Nigerians also contribute to procuring power transformers and electricity poles to provide electricity to their community. They are also saddled with the responsibility of maintaining the facilities.
https://punchng.com/funny-sides-of-nigerias-electricity-crisis/
