The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Federal Government has lost access to $717.7m in undisbursed World Bank financing originally earmarked to rescue Nigeria’s troubled electricity sector, following a joint decision by both parties to terminate the Power Sector Recovery Performance Based Operation. According to restructuring documents obtained from the World Bank, the cancellation was triggered by a formal request…
Nigerians are paying 300 per cent more for electricity while receiving the same dismal service. Two years after the government introduced Band A tariffs to boost revenue, the power grid remains stuck. Data from the Independent System Operator shows average generation hovers around 4,200 megawatts. Distribution companies ration even less, sharing just 3,618 megawatts among…
Nigeria’s electricity distribution companies are learning a hard lesson in diminishing returns. Data from the Nigerian Electricity Regulatory Commission shows that improved operational efficiency failed to stop a revenue slide in February. The sector received 17.64% more energy by value than in January, yet total billings dropped by nearly 10%. This gap suggests that while…