FOR the first time in the history of the country, electricity generation rose to 5,074.7 megawatts on Tuesday, according to the System Operator of the Transmission Company of Nigeria. The Minister of Power, Works and Housing, Babatunde Fashola, promised on Monday that power generation would increase by 2000MW before the end of this year. Power […]
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THE Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday justified the 45 per cent increment in electricity tariff, which took effect on Monday, stressing that the action remained the only way to enhance stable power supply in the country. Fashola, who stated this when he appeared before the Senate Committee on Power, […]
Read More THE Association of National Electricity Distributors on Sunday has described the new tariffs, which will become effective on Monday (today), as a necessary move that will attract investments into the power sector. This is, however, coming amid opposition from labour unions, with the Nigeria Labour Congress, Trade Union Congress of Nigeria and some civil society […]
Read More IT was learnt yesterday that the rehabilitation of the Lagos-Ibadan Expressway suffered a setback because the Federal Government failed to respond to demand for arbitration by Bi-Courtney Highway Services Limited. Sources said the Minister of Works, Mr. Babatunde Fashola (SAN), has stepped into the deadlock and the government may revisit the arbitration. The Federal Government, […]
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TRADERS on the rail tracks at Oshodi, dislodged by the former Governor of Lagos State, Babatunde Fashola, in 2008 have started returning to the sport unmolested. The News Agency of Nigeria reports that the traders had in the meantime limited the display of their goods on the Nigerian Railway Corporation disused second track, abandoned since […]
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INDICATIONS are, that work may not resume soon on the suspended reconstruction of the Lagos-Ibadan Expressway as a recent court injunction against the project has continued to deter the contractors and new investors. Although a source at the Federal Ministry of Power, Works and Housing said on Sunday that the minister, Mr. Babatunde Fashola, met […]
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The Federal Executive Council on Wednesday approved an additional $200m loan from the International Development Association, an arm of the World Bank, in support of Lagos State Development Policy Operation. The Minister of Information and Culture, Alhaji Lai Mohammed; and the Minister of Power, Works and Housing, Mr. Babatunde Fashola, briefed State House correspondents at […]
Read More POWER, Works and Housing Minister, Mr Babatunde Fashola, yesterday unfolded a 13-point agenda to drive efforts towards enhancing power supply in the country. He said in Abuja during his maiden meeting with power generation, distribution and transmission companies, and other stakeholders that the agenda was drawn up to ensure effective monitoring of the sector. The […]
Read More The growth prospects of the nation’s power sector, whose privatisation recently entered its third year, may be dampened this year as funding challenge continues to hamper investors’ interests. Many of the private investors, who took over the distribution and generation companies unbundled from the defunct Power Holding Company of Nigeria in November 2013, currently have […]
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The Dr. Sam Amadi-led management of the Nigerian Electricity Regulatory Commission (NERC) is alleged to have breached a subsisting court order which compelled the former to discountenance electricity tariff in the interim pending the adjudication of the case before the Federal High Court in Lagos. Toluwani Adebiyi, a lawyer particularly faulted the new electricity tariff […]
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Power supply to households and businesses across the country plunged by 724.98 megawatts in 24 hours to 3,107.31MW on Wednesday, down from 3,832.29MW on Tuesday. The electricity generated on Wednesday dropped to 3,175.92MW from 3,914.74MW the previous day, according to data obtained from the Presidential Task Force on Power and the Federal Ministry of Power […]
Read More 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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