The Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Tony O. Elumelu, CON, has called on African leaders and development institutions to help address the deepening job and employment crisis bedevilling the continent by lending support and paying more attention towards the agricultural sector, creating access to electricity and developing entrepreneurship. Elumelu […]
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A new World Bank study on how Africa’s electricity providers can be profitable and still make electricity affordable at African Utility is expected to be unveiled in Cape Town, South Africa from May 16-18, 2017. The study which dwell mainly on the financial health of electricity utilities in Sub-Sahara Africa, showed that, “Rather than tariff […]
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Access to energy is necessary to meet people’s basic needs: to grow, distribute and cook food, to light homes, and to power machines and technologies. It is also a key requirement for agriculture, commerce and industry and the provision of public services, such as education or health. But more than one billion people, or one […]
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IN seeking for solution for the perennial electricity challenge in Africa, the Founder, Tony Elumelu Foundation, and Chairman, Heirs Holdings Mr. Tony Elumelu, has called on the United States Congress to pass the ‘Electrify Africa Act’ to make a world of difference on the continent. He told aud“When you leave this place call your Representatives […]
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Chairman of National Association of Government Freight Forwarders (NAGAFF), Murital Muhammed Aiport Mr. Segun Musa, has said that a lot of importers may be forced to close shop this year, following the present tough operating environment, particularly as regard high import tariffs on imported goods. Speaking in Lagos, yesterday, Musa, declared that that government’s policy […]
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The debt owed the 11 power distribution companies by the Federal gogernment, state government and local government has risen to N45bn, according to the latest data compiled by the Association of Nigerian Electricity Distributors. It was learnt that the debt, which rose from N32bn some months ago to the present N45bn, was accumulated by the […]
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John Donnachie is the Managing Director/ Chief Executive Officer of Ibadan Electricity Distribution Company. In this interview with STANLEY OPARA, he spoke on the metering scheme and prevailing challenges in the power sector, among others, ThePunchNg report. How has the IBEDC fared in the era of privatisation? It has been quite an experience in the […]
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Labour Party has decried the intention by the Federal Government to increase in the electricity tariff recently announced by the Minister for Power, Works and Housing, Babatunde Fashola. The minister had announced the proposed plan at a pressing briefing in Abuja, stating that the electricity tariff would be increased to enhance power supply. Also the […]
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