electricity in nigeria todayshinedown attention attention
A compilation of data obtained from the office of Vice President Yemi Osinbajo, confirmed that Nigeria recorded N13.40 billion and N12.36 billion as losses due to constraints from insufficient gas supply, distribution infrastructure and transmission facilities in the first and second week of 2020, thus resulting in a total of N25.77 billion.The data also indicated a rising trend in losses as the nation had recorded N10. Other people have done it. South Africa, for example, produces over 40,000 MW of power. Say a 15w bulb, a small bulb that you have in your house. But that was not to be. Over the last few years, there have been several changes in the power sector and one of such is the increasing use of prepaid meters.With the use of prepaid meters has come a different method of billing and this method is based on 4 major things namely: location, tariff class, tariff rate and the quantity of consumed energy (in kWh)In terms of location, there are 11 different electricity distribution companies in Nigeria and they are located in various regions of the country. We are looking at the high losses, Tariff, DISCOs reports and claims.”However, in an interview with Vanguard, the National Secretary, Nigeria Electricity Consumers Advocacy Network, NECAN, Mr. Uket Obonga, said: “Apparently because of the huge losses and other factors, operators and government institutions have lived up to expectation.
Electricity stifling SMEs growth.
It doesn’t work, it still has not worked for several reasons.One is the tariff. There's no reason why we shouldn't get it right.A modular refinery, expected to process 5500 barrels of crude oil per day in Edo is about 70 per cent completed, the State Governor, Godwin Obaseki said yesterday.Oil demand for the rest this year may continue to fall by as much as 3.7 million barrels per day (Mb/d), Outlook released by global research body, Rystad EnergyThe World Bank has said that estimates from satellite data show global gas flaring rose to levels not seen in more than a decade, to 150 billion cubic meters (bcm),With glut in the Liquefied Natural Gas (LNG) sector, a new report from the Oxford Institute for Energy Studies (OIES), has stated that the margin for exporting the product remains negative, and could remain so for the duration of 2020.Despite the OPEC’s revising downward review of its world oil demand in 2020, to an estimated 8.9 million barrels daily, some downstream operators have expressed the optimism that the future of the sector remains bright.Stakeholders in the power sector have called for transparency, sensitivity and responsiveness from the Distribution Companies (Discos), and the need for a robust relationship between the distributors and the consumers.Stakeholders, including the Chief Operating Officer (COO) of Nestoil Group and Managing Director/CEO, Century Power Generation Ltd., Dr. Chukwueloka Umeh, have said total deregulation...Recently, Shell Nigeria Gas (SNG) completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma and Ariaria industrial zones.Nigerians and the international business community were shocked in late 2019 when the Nigerian Ports Authority (NPA) reportedly sanctioned the Lagos Deep Offshore Logistics (LADOL), operator of LADOL Free Zone in Lagos for shortchanging the federal government to the tune of N16 billion. Those Nigerians are going to turn around and buy these produced goods from the factories that work in Nigeria and the money is going to go around.This is what happened in China. Recently, I was travelling along Calabar – Ikom highway, and within 10km, I counted 42 fault lines. Of course, everybody will say “no, we are already paying too much, how could you charge us more? In the last yea...State of Nigeria’s electricity sector worsens —Investigation Private companies are expected to go and raise money, a lot of money, to make the required investment, to upgrade these facilities, to install new facilities, build infrastructure.
If the value you are getting from Mr B is not sufficient, you go to Mr C, that’s how it works in other countries that we have tried to copy their systems.
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