The WTO and the UN Food and Agriculture Organization (FAO) today have agreed to boost cooperation and collaboration on a range of issues in the area of food and agricultural trade and climate change. According to the partners, the initiative comes at a time of growing crises affecting global food Read More
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Tariye Gbadegesin, a Nigerian-US national, has been appointed as the chief executive officer (CEO) of Climate Investment Funds (CIF), the first African to hold the position. Gbadegesin, who is currently the chief executive of ARM Harith Infrastructure Investments, a pan-African infrastructure fund, will begin her role in March 2024. Bringing over 20 Read More
The Rural Electrification Agency (REA) has taken a significant step towards expanding energy access in Nigeria with the commissioning of a state-of-the-art energy management system control center and the groundbreaking of two solar mini-grid projects. These milestones were achieved under the Korean Energy Project, a collaboration between REA and the Read More
The Federal Government through the Ministry of Power has sealed a $2.2 billion solar PV deal with Sun Africa. Bayo Adelabu, the minister, made this known on his official Twitter account on Sunday, November 19. According to him, the deal was solidified on Friday, November 17, when the company committed to delivering 961 megawatts Read More
As part of activities marking Ikeja Electric’s 10th year anniversary, the board and management of the largest distribution company thrilled its staff to a hybrid session which showcased the past achievements and plans for the immediate future. In his welcome address, the chairman of the Board of Directors, Kola Read More
Kola Adesina, Group Managing Director of Sahara Group, which owns Egbin Power and Ikeja Distribution Company (Disco), identified seven activities that stakeholders must do for Nigeria’s embattled power sector to begin its journey to full recovery yesterday. The GMD, whose company also has investments in the upstream and downstream Read More
As the Nigerian Electricity Supply Industry (NESI) commemorates its 10th-anniversary of privatisation, Egbin Power Plc has described the milestone as a decade of trajectory progress of the power plant, resulting in greater contribution to the nation’s socio-economic growth. The GenCo, while commemorating the occasion, attributed the achievement over the Read More
The Federal Government, represented by the Ministry of Power, has inked a $463 million contract with a Chinese consortium to improve power distribution lines. The FG said the deal will be financed by the China Exim Bank because it contained both off-shore and significant on-shore components. Bolaji Tunji, the Special Adviser Read More
The Federal Government has paid N135.23 billion to subsidize electricity usage in the second quarter of 2023, latest report by the Nigerian Electricity Regulatory Commission (NERC) has shown. According to NERC, the FG spent N135.2 billion in the period under review to remedy income generation shortfalls in the power sector. It Read More
…says Nigeria needs to reconstruct its energy transition agenda,. prioritise energy security, and optimize the value of its oil and gas resources. Austin Avuru, Executive Chairman of AA Holdings, has stated that Nigeria will need about $25 billion of annual investment in the next ten years if it is committed to Read More
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