Tag: #PowerSectorReform
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POWER SECTOR URGED TO ADOPT TARGETED SUBSIDIES TO PROTECT VULNERABLE NIGERIANS
Lamu Audu, Managing Director of Mainstream Energy Solutions and Board Member of Nigeria Independent System Operator, urged adoption of targeted electricity subsidies at the 5th Annual Power Correspondents Association conference in Abuja. He stressed that targeted subsidies protect vulnerable Nigerians while reducing harmful market distortions compared to blanket subsidies. Audu emphasized that balancing cost-reflective tariffs…
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FEDERAL GOVERNMENT SETS ₦4 TRILLION BOND TO CLEAR POWER SECTOR DEBTS
The Federal Government is rolling out a ₦4 trillion bond to settle verified arrears owed to power Generation Companies (GenCos) and gas suppliers, a move aimed at boosting Nigeria’s power sector. Mrs. Olu Verheijen, Special Adviser to the President on Energy, revealed this after a key meeting involving the Ministers of Finance and Power, and…
