Energy in Nigeria

  • How to boost private sector investment in Africa’s electricity infrastructure

    BOTSWANA, 2017/06/15 A new World Bank statement has called for increased private sector investment in Africa’s under-developed electricity transmission infrastructure, a vital ingredient for reaching Africa’s energy goals. The statement which was made available to the Ghana News Agency on Thursday by the World Bank indicated that Africa lags behind the rest of the world at the same time as it comes to electricity, with just 35 % of the people with access to power and a generation capacity of only 100 GW. According to the statement those who do have power typically consume relatively little, face frequent outages and pay high prices.
  • Nigeria rolling out investment incentives to improve power generation

    NIGERIA, 2016/12/25 Three years next the start of Nigeria’s power privatisation programme, the government is looking to burnish the attractiveness of the sector by providing a range of new incentives and guarantees. Extending partial risk guarantees In November the World Bank and national-owned Niger Delta Power Holding Company (NDPHC) signed a partial risk guarantee (PRG) agreement for integrated gas company Seven Energy to supply 3.7m cu metres of gas to the $500m Calabar gas plant in Calabar City, as part of a number of deals expected to add 500 MW to the national grid.
  • Nigeria’s power sector goes private

    NIGERIA, 2015/12/20 The privatisation of Nigeria’s power generation and distribution assets has paved the way for an increase in electrification, although ongoing issues with gas supply and distribution are proving a challenge. The government is looking for better private sector involvement to boost investment in the sector, which needs some $65bn worth of capital spending to reach the country’s target of 40,000 MW of generation capacity by 2020, according to Nigerian Bulk Electricity Trading. Window of opportunity The rationale behind the privatisation push – which was several years in the planning but finally materialised in 2013 – is clear: inefficiencies in Nigeria’s power sector have traditionally been a major constraint to increase, costing the 170m-person economy as much as $100bn per year, according to government estimates.
  • Côte d'Ivoire's President Launches West African Energy Leaders Group

    BENIN, 2015/07/31 Côte d'Ivoire's President Alassane Ouattara headed a top-level line-up of political and business leaders on Tuesday, June 30 in Abidjan to launch the African Energy Leaders Group (AELG) in West Africa, with concrete plans to drive sector reforms and a pipeline of bankable investment projects for sustainable energy access across the region. Sub-Saharan Africa, where 600 million people live without electricity, has the lowest level of energy access in the world, and West Africa has the highest levels of energy poverty on the continent. Electricity and clean cooking facilities are fundamental building-blocks for prosperity and wellbeing, from basic health and education to industrial and agricultural development.
  • 30 Percent Drop in Electricity From Grid Behind Abuja's Poor Supply'

    NIGERIA, 2014/11/06 Mr. Neil Croucher is the Managing Director of the Abuja Electricity Distribution Company (AEDC). The Distribution Company (Disco) supplies power to Kogi, Abuja, Nasarawa and Niger states, with its headquarter in Abuja. In this interview, Croucher discusses the Disco\'s succcess since it took over the defunct PHCN utility last November. Excerpts: Will your company be accessing the N213 bn power fund from CBN, and what interest rate? Yes. We're certainly interested in accessing the fund. The details are being finalised but we understand the interest rate will be about 10 or 11% Why do you want to access the fund?
  • 'Nigeria to harness nuclear energy for development'

    NIGERIA, 2014/03/26 Nigeria's President Goodluck Jonathan Monday reaffirmed his country's full commitment to the world effort against the threat of nuclear terrorism, but said the African country would continue to pursue efforts to harness nuclear energy and technology for socio-economic development. The President spoke at the third world security summit which opened at The Hague, The Netherlands, Monday, according to a presidency statement made available to PANA here. President Jonathan said while Nigeria would continue to support all efforts against the proliferation of weapons of mass destruction, inclunding nuclear weapons, the world must respect the right of nations to the peaceful use of nuclear energy for development purposes.
  • Nigerian Minister of National for Power, Alhaji Mohammed Wakili

    CONGO KINSHASA, 2014/03/26 Towards conference its electricity needs, the Nigerian Government has signed a Memorandum of Considerate (MoU) to purchase power from the Democratic Republic of Congo (DRC), a country currently targeting at least 40,000 megawatts of electricity from its dams. Nigerian Minister of National for Power, Alhaji Mohammed Wakili, told an investors' conference, organized by the Transmission Company of Nigeria (TCN), in Abuja on Monday that some of the electricity to be bought from Congo would as well be exported to some neighbouring nations where Nigeria's transmission network expands to. The conference was organised to lure foreign investors to Nigeria’s transmission network.
  • The Nigerian government needs help from the private sector infrastructure needs for energy.

    NIGERIA, 2014/02/13 The Nigerian government needs help from the private sector to meet the country’s infrastructure needs for energy. Nigeria needs $900 billion (R9.8 trillion) to fix its energy sector. In order to add 5 000 megawatts to the grid over the next few years, $10 billion (R109 billion) is needed for power generation and distribution. A further $1.5 billion (R16.4 billion) investment is needed annually for the next five years to ensure the country’s transmission grid is reliable and stabile.
  • African energy environment seems rather dynamic at present

    BOTSWANA, 2013/07/02 Cross Border Data’s African Energy Atlas 2013 has just come out. What does is tell us about the continent’s energy reserves, production and next prospects? This annual publication is largely comprised by a selection of maps detailing everything from major continental rail and road connections, patterns of political risk, energy infrastructure, country-by-country power supply, oil and gas reserves and downstream hydrocarbons markets. Maps are drawn/updated annually by ‘journalist mapmaker’ David Burles and an introductory piece describes the process of production as requiring the application of investigative techniques to obtain even the majority basic data. Data on the continent’s energy environment has been built up using “not only maps, but as well press releases, news statement and good old-fashioned journalistic legwork”.
  • 120m Nigerians have no access to electricity

    NIGERIA, 2013/06/08  In a rare admission, Nigeria's federal government has acknowledged the poor national of public electricity supply in Africa's most people country of 160 million people, saying only 40 million of the people (25%) have access to power supply. The Minister of Power, Prof. Chinedu Nebo announced the figure on Wednesday in the capital city of Abuja.