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Technology MarketRe: Mint Samsung Note 5 For Sale by osahonmk(op): 10:17am On Sep 03, 2017
Bum still available.....
Technology MarketMint Samsung Note 5 For Sale by osahonmk(op):
I have got very clean and neat Samsung Note 5 phone from the US
Features
32GB memory, 4Gb ram size, blue. in good working condition
16 MP, f/1.9, 28mm, OIS, autofocus, LED flash
Fingerprint (front-mounted), accelerometer, gyro, proximity, compass, barometer, gesture, Ultra Violent light indicator,
heart rate (Measure your Heartbeat Rate)
, SpO2 (Measure the level of Carbon dioxide in your blood) and many more

In Mint Condition, No scratch

Price: N85, 000

Location : Asaba, Delta State

Contact: call or whatsapp 07036601279

BusinessNNPC Increases Gas Supply To Power Plants By 123% by osahonmk(op): 7:00am On Aug 30, 2017
The Nigerian National Petroleum Corporation, NNPC, on Tuesday said it had increased daily average natural gas supply to gas power plants by 123 per cent.

Ndu Ughamadu, NNPC Group General Manager, Group Public Affairs Division of the corporation said this in a statement in Abuja on Tuesday.

He said the increase accrued to 730 million standard cubic feet per day (mmscf/d) in June 2017 as against 327mmscf/d in the corresponding period in 2016.

Quoting June 2017 Monthly Financial and Operations Report released on Tuesday, Mr. Ughamadu said gas supply to power plants increased slightly by 0.13 per cent from 729mmscf/d in May 2017 to 730mmscf/d in June 2017.

The report indicated that nationwide petroleum products supply continued to record remarkable stability.

This the report said followed the performance of Nigeria’s three refineries which produced between five and six million litres of Premium Motor Spirit (PMS), also known as petrol, per day in June.

“The refineries also produced between five and six million litres of Automotive Gas Oil (AGO), also known as diesel, per day in the period under review.

“The corporation has maintained seamless nationwide supply and distribution of petroleum products which guarantee stable products and queue-free filling stations across the nation,” Mr. Ughamadu quoted the report.

He said the performance of the Port Harcourt Refinery continued to improve with a boost to the midstream value chain as it inched toward sustained commercial operations.

It would be recalled that the pump price of diesel crashed by 42 per cent nationwide, following interventions by the corporation in May.

On pipeline vandalism, Mr. Ughamadu said that the corporation recorded about 86 cases of pipeline breaks across the country in the period under review.

He said of the 86 cases, 77 were due to pipeline vandalism, representing almost 40 per cent increase relative to cases recorded in the previous month (May 2017).

He also said while the Port Harcourt-Aba line recorded the highest pipeline breaches of 55 points (66 per cent), there was also an unusual upsurge in the activities of vandals along Kaduna-Zaria.

The line, he said, witnessed 13 vandalised points during the period.

“There was also a slight decrease in national gas production, compared to previous month which stood at 227.15BCF or an average of 7,571.50 mmscfd, the report said.

“This was despite sustaining the success recorded by its enhanced crude oil evacuation and oil lifting in June, 2017 following re-opening of Forcados Oil Terminal (FOT) on March 31.”

Mr. Ughamadu called on Nigerians to continue to support NNPC in the area of security with a view to ensuring zero vandalism of the nation’s oil and gas infrastructure.

http://www.energywatchng.com/nnpc-increases-gas-supply-power-plants-123/
Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op): 5:58am On Aug 29, 2017
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Jobs/VacanciesBilling Analyst At Ibadan Electricity Distribution Company (IBEDC) by osahonmk(op): 7:54pm On Aug 28, 2017
Ibadan Electricity Distribution Company (IBEDC) Plc – Headquartered in Ibadan is responsible for electricity distribution within the south western zone (Oyo, Ogun, Osun and kwara as well as some parts of Kogi, Ekiti and Niger states).

We are an organization with a focus on delivering excellent service to the customers and providing customer satisfaction through reliable power distributions.

We are recruiting to fill the vacant position below:

Job Title: Billing Analyst

Location: Ibadan

Job Description

To ensure customers are accurately billed in a timely fashion through the execution of the operations of IBEDC’s billing centers.
Responsibilities

Captures inputs on meter reading across all Business hub
Provides periodic reports on activities of the billing centers
Produces post-billing reports such as billing status and revenue analysis by tariff etc.; analyzing and summarizing data and trends
Ensures regular capturing and billing of unregistered customers
Ensures timely production and effective distribution of customer bills
Qualifications and Requirements

Educational Qualification:

A Bachelor’s Degree in any related field.
Desired Experience:

At least 2+ years post qualification experience in customer services or marketing of products and services.
Competence Requirement:

A clear understanding of the electricity sector and proficiency in the use of
Microsoft Office suite and relevant billing applications, with a deep
Knowledge of software for billing reconciliation.
Application Closing Date

3rd September, 2017.

How to Apply

Interested and qualified candidates should:

Click here to apply online

Politics$1.2bn Zungeru Power Plant Completion Date Shifted To 2020 by osahonmk(op): 8:01am On Aug 26, 2017
he China National Electric Engineering Company Limited (CNEEC), which is handling the 700 megawatts hydro-electricity power plant in Zungeru, Niger State, yesterday gave reasons the December 2019 delivery date of the project might not be feasible. Speaking through the Deputy Project Manager, CNEEC-Sinohydro Consortium, Mr. Xiao Nie, during a tour of Chinese projects in Nigeria, the company said the first unit of the project, which is currently at 47 per cent completion, would be delivered in 2020 instead.
One of the reasons he gave was shortage of personnel, saying the project requires more hands, but due to certain constraints, about half of the required number could only be engaged at the moment.

The project, which is put at $1.29 billion (about N473 billion), is expected to produce a yearly power generation of 2,640GWh and supply electricity to the National Grid.

Contract for the plant was awarded by the Ministry of Power and funded with a counterpart funding from the Nigerian government and loan from China Exim Bank to the tune of $984 million.

On completion, Nie said the plant would significantly improve electricity supply to the area, boost industrialisation in the country and impact generally on the host communities.

Commissioned in 2013, the project comprised four units of 175mw each. While the first phase would be delivered in December 2019, the remaining units are expected to be completed at three months interval.

“The project consists of a dam for storage reservoir for a maximum operation water level of 230 metres and total storage capacity of 11.4×109 meters.“The dam would be helpful for flood control, development of fisheries and agriculture. The navigable period and the length of the fairway will also be extended, Nie stated.

Meanwhile, about 3000 Nigerians have been engaged, with majority of them coming from Zungeru, just as Nie noted that the consortium has assisted the host community in different ways, including skills acquisitions for youths.

http://www.energywatchng.com/1-2bn-zungeru-power-plant-completion-date-shifted-2020/
Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op): 7:38am On Aug 26, 2017
s.a.
Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op): 6:16am On Aug 24, 2017
Bum
Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op): 4:24pm On Aug 22, 2017
One sold.... Elitebook core i5 Remaining!!
Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op): 6:40am On Aug 17, 2017
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Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op): 9:24pm On Aug 13, 2017
bum!!
PoliticsDangote Group Sign $150m Mou On Power Project by osahonmk(op): 2:06pm On Aug 13, 2017
Kano State Government, Dangote Group of Companies and Black Rhino Group on Thursday in Kano signed a $150 million Memorandum of Understanding (MoU) on Solar Power project.

The project is expected to generate 100 megawatts of electricity for supply to industries and people of the state.

Speaking shortly after signing the MoU, the Secretary to the State Government (SSG), Alhaji Usman Alhaji, said Solar power was what is in vogue for now all over the world.

”We need energy to make progress and development anywhere in the world, so we believe this is a right step in the right direction,” he said.

He said the State Government was very keen on the project as it would improve the living condition of the people of the state.

In his remarks, the Group Executive Director of Dangote Group, Alhaji Mansur Ahmed, said the project was meant to improve the economy of Kano as a great Interpol and centre of commerce in the sub-Saharan region.

“The project, to be jointly financed by Dangote Industries Limited and the Black Rhino Group, is expected to provide state of the art renewable energy plant.

“It will convert the abundant energy of the sun into high quality clean Electricity,” he said.

He said that gross inadequacy of supply of reliable and affordable electricity was one of the critical challenges confronting the state’s economy.

He commended the state government for allocating a sizeable land for the project.



http://www.energywatchng.com/dangote-group-sign-150m-mou-power-project/
Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op): 1:39pm On Aug 11, 2017
S.a.
Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op): 7:17pm On Aug 10, 2017
more pics for the probook

Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op): 7:13pm On Aug 10, 2017
No Sir... its more dan that
oluremmy234:
Can you let the 8460p go for 75k? Pls Reply ASAP
Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op):
Clean, neat HP Probook 6550b, intel core i3, 320gb hard disk, 4gb ram, finger print, wifi, bluetooth, plus charger.

Price: N75,000

Technology MarketRe: Mint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op): 7:48pm On Aug 09, 2017
no sir.. its more dan that
dacovajnr:
70k
Technology MarketMint HP Elitebook 8460p CoreI5(SOLD And HP Probook 6550b Core I3 (SOLD) For Sale by osahonmk(op):
Clean, neat hp elitebook 8460p, intel core i5, 500gb hard disk, 8gb ram, finger print, wifi, bluetooth, very strong battery and very strong and rugged machine From the States just like new.
Comes with Windows 10 and charger.
Price: N85, 000

Location: Asaba, Delta State
Price: N85,000
Phone: 070360127

ALL SOLD OUT

PoliticsGhana Wants More Nigerian Gas For Electricity by osahonmk(op): 6:58am On Aug 04, 2017
The Minister for Energy, Ghana, Mr. Boakye Agyarko, has said his country will like to have more gas supply from Nigeria for power generation.

Agyarko stated this on Tuesday at the Nigerian Annual International Conference and Exhibition organised by the Society of Petroleum Engineers in Lagos, where he was represented by the acting Chief Executive Officer, Petroleum Commission, Ghana, Mr. Theophilus Ahwireng.

He put Ghana’s current oil and gas production at 190,000 barrels a day and 120 million standard cubic feet per day, respectively.

The minister said, “One area that we have moved on very quickly has been gas monetisation. All the three developments we have currently have either some associated gas or their own gas. What we have done in the last few years has been to connect the pipeline infrastructure for these three developments.

“So, by the middle of next year, the gas pipeline infrastructure from Jubilee, TEN (Tweneboa, Enyenra and Ntomme) and the Offshore Cape Three Points will all be connected to provide a basis for security of supply; to prevent us from venting or flaring gas, and be efficient in terms of conserving the resource.”

Agyarko explained that Ghana was looking to monetise all the 300 million scf of gas that it would be producing for power generation.

“Ghana used to have a 100 per cent dependence on hydro, but we are currently in the region of about 50/50 in terms of hydro and gas,” he said.

According to him, the gas comes from fields in Ghana and, to a smaller extent, the West African Gas Pipeline.


http://www.energywatchng.com/ghana-wants-nigerian-gas-electricity/
PoliticsRe: Daily Electricity Generation Update by osahonmk(op): 12:58pm On Aug 03, 2017
Electricity Generation on 01/08/2017

Peak Generation 3,577.80 MW

Lowest Generation 2,387.20 MW

Total Energy Sent Out 69,635.58 MWH

For Previous records check:

http://www.energywatchng.com/daily-generation/
Jobs/VacanciesGeographic Information Systems Coordinator At Ikeja Disco by osahonmk(op): 9:10am On Jul 25, 2017
Ikeja Electricity Distribution Company (IKEDC) – Buoyed by a mission to redefine customer experience and be the provider of choice wherever energy is consumed, Ikeja Electricity Distribution Plc (Ikeja Electric), Nigeria’s largest power distribution network powers lives and businesses with innovation and unwavering drive for excellence. The company began its new phase of growth and expansion on November 1st, 2013 following the handover of the defunct Power Holding Company of Nigeria (PHCN) to NEDC/ KEPCO Consortium under the privatization scheme of the Federal Government of Nigeria.

We are recruiting to fill the position below:

Job Title: Geographic Information Systems Coordinator

Location:

Lagos

Reporting To: Chief Technical Coordinator


Role Purpose

Plans, coordinates, oversees and participates in the development, implementation, integration, operation, and maintenance of IE geographic information system (GIS) and permit system; designs and implements information systems for provision of access to GIS data; develops and implements specialized GIS applications; oversees the design and development of all databases associated with the GIS base map; and performs a variety of technical tasks relative to assigned area of responsibility.
Responsibilities

Plan, direct, and participate in the acquisition, installation, administration, and operation of IE geographic information system (GIS) and permit system; oversee software release installs and updates for both systems.
Coordinate, train, and instruct staff in the operation of the geographic information system and permit system.
Develop policies and procedures for users and output requirements for GIS services in IE.
Oversee and participate in providing graphic services including preparation, layout, and design of a variety of reports, displays, literature, maps and computer graphics; ensure the accuracy and completeness of digital GIS maps and data files for IE.
Supervise the use, care and operation of GIS equipment in IE.
Verify the work of assigned employees for accuracy, proper work methods, techniques and compliance with applicable standards and specifications.
Serve as project lead for special GIS projects including the planning, system integration, database development, implementation and application development; meet with various GIS users and Information Services management to plan and discuss system requirements; provide project status updates as needed.
Developing, maintaining and updating IE combined/integrated electricity distribution network databases.
Coordinating database development activities with database administrators in the IT department.
Serve as system administrator for GIS ensuring that application software and hardware operates efficiently and meets IE needs for information technology; update layers as changes occur.
Coordinate the design and development of user-specific GIS databases and permit types; configure system operational functions; prepare reports as necessary.
Integrate GIS with other computer applications; meet with users and review requests; develop and tailor applications to meet user needs; prepare documentation.
Oversee the design and development of all databases associated with the GIS base map including relational databases; develop standards and strategies for maintaining database security
Coordinate GIS and permit system activities with other stakeholders as needed.
Represent IE geographic information systems interests to various governmental and professional geographic information systems related agencies as needed.
Any other task assigned by the Unit Head
Minimum Qualifications

Equivalent to a Bachelor’s degree from a university with major course work in information sciences, geography, geographic information systems, engineering, or a related field.
Minimum of 8 years’ experience of increasingly responsible geographic information systems experience.
Technical Competencies:

Network Location Mapping
Network Data Analysis Management
Electricity Industry Regulatory Knowledge
Behavioral Competencies

Communication and Interpersonal Relations
Supervisory/Managerial Skills
Problem Solving and Decision Making
Managing Resources
Business Focus
Application Closing Date

4th August, 2017.


How to Apply

Interested and qualified candidates should:

CLICK HERE TO APPLY
Jobs/VacanciesEnergy Sales Representative (ESR) At Ikeja Electricity Distribution Company by osahonmk(op): 8:44am On Jul 25, 2017
Ikeja Electricity Distribution Company (IKEDC) – Buoyed by a mission to redefine customer experience and be the provider of choice wherever energy is consumed, Ikeja Electricity Distribution Plc (Ikeja Electric), Nigeria’s largest power distribution network powers lives and businesses with innovation and unwavering drive for excellence. The company began its new phase of growth and expansion on November 1st, 2013 following the handover of the defunct Power Holding Company of Nigeria (PHCN) to NEDC/ KEPCO Consortium under the privatization scheme of the Federal Government of Nigeria.

We are recruiting to fill the position below:

Job Title: Energy Sales Representative (ESR)

Location:

Lagos

Reporting To: Energy Sales Supervisor (ESS)

Role Purpose

Perform sales and marketing of electricity, management of allocation of energy and driving collections of energy billed to the customer.
Ability to manage customer relationship relating to meter reading and bill distribution.
Responsibilities

Conducting advance metering activities (energy aggregation, energy analysis, energy loss analysis, bill determinants and dynamic tariffs etc.)
Performing remote monitoring of meter behaviour using human machine interfaces (HMI)
Performing remote energy usage tracking
Customer meter reading and capturing meter status/remark.
Providing customer meter reading books/cycle and updating reading sequence.
Performing manual data entry for customer meter reading and meter reading status on a daily basis.
Managing meter reading instrument availability for meter reading activities.
Preparing daily reading upload batch files.
Prepare exception reports.
Bill distribution to customers.
Meter reading and bill distribution reporting.
Performing on site activities/supervision/site visit with regards to installed meters.
Monitoring of prepaid meters
Special customer meters re-reading/site visit.
New customer capture and periodic customer tariff reclassification
Coordinating with other departmental officers to attend to customer complaints related to meter reading activities.
Managing all customers’ complaints related to meter reading within areas of jurisdiction.
Managing Customer accounts maintenance to avoid build-up of unrealistic debts(vacant premises, etc)
Minimum qualifications

First degree (B.SC or H.N.D) in Marketing, Social Sciences or any relevant field.
Minimum 2 years field experience in sales and marketing.
Basic computer proficiency (MS Excel, Word, Outlook)
Technical Competencies:

Knowledge of the power industry
Behavioral Competencies:

Ability to work under pressure and multi task effectively.
Good Oral and Written Communication Skills
Attention to Detail.
Persuasive
Analytical Skills
Application Closing Date

28th July, 2017.


How to Apply

Interested and qualified candidates should:

Click here to apply online
PoliticsLagos To Generate 3000mw Of Electricity Soon – Ambode by osahonmk(op): 7:18am On Jul 25, 2017
The Lagos State Governor, Mr Akinwunmi Ambode said his administration has already embarked on reform aimed at generating 3000 megawatts (MW) of electricity within the next few years.

The governor explained that the initiative would go a long way in improving the state’s economy and make life more comfortable for its residents (Lagosians).

He made the disclosure at the 7th Annual Public Lecture of the Lagos State Public Service Chapter (LSPSC) of the Institute of Chartered Accountants of Nigeria (ICAN) held on Monday in Ikeja.

The lecture has the theme; Lagos@50: Unlocking Its Economic Potentials for Sustainable Development.

Governor Ambode stressed the importance of adequate power supply to unlock the economic potentials of the state, noting that the sector remained strategic in reducing the cost of doing business and improving the living condition of Lagosians.

He described the theme of the lecture as apt and in line with the resolve of his administration to identify, explore and exploit the untapped potentials of the Lagos economy, which according to him, was why the state government was adopting the approach of strategic, innovative, as well as long-term thinking and planning.

Smart City Initiative

The governor stated that with high population growth of 3.2% annually and high immigration rate estimated to be one of the highest in the world and rapid urbanisation, the state government was not oblivious to the fact that the most effective and efficient way to unlock the economic potentials of Lagos was to open up the economy for private enterprise to thrive.

According to him, this is why his administration has been delivering first class infrastructure and putting in place right policies to ensure business-friendly environment.

Ambode further attributed the ongoing projects in some parts of the state to the resolve of his administration to unlock the tourism, entertainment and arts potentials of Lagos which he said were all critical.

“Our smart city initiative will help to ensure that the state is cleaner, safer, productive and then more resilient thereby making the state more attractive for Foreign Direct Investment.

“Upon assumption of office in 2015, our administration created the Ministry of Wealth Creation and Employment and subsequently launched the N25bn Employment Trust Fund and as at today, over 3000 entrepreneurs have benefited from the fund through access to low-cost credit for their business.

“Lagos State is also actively involved in the Development Agenda for Western Nigeria (DAWN), a body comprising all the South-Western states. We are working on a collaborative development plan, a regional economic integration which will help to minimise some of our current challenges such as high immigration, infrastructure deficit and traffic congestion,” he said in a statement signed by his Chief Press Secretary, Habib Aruna.


http://www.energywatchng.com/lagos-generate-3000mw-electricity-soon-ambode/
PoliticsDiscos Need N220bn To Give Consumers Meter – Fashola by osahonmk(op): 5:55pm On Jul 20, 2017
Nigerians waiting to get metered by the 11 electricity Distribution Companies (Discos) may have to endure for longer as the installation of prepaid meters is projected to gulp over N200 billion.

The Discos’ inability to meter every household is further compounded by liquidity problem challenges, which makes it difficult for them to access credit to purchase meters.

Minister of Power, Works and Housing, Mr. Babatunde Fashola, who disclosed the robust metering requirement of the sector at the University of Lagos (UNILAG) Department of Economics 2017 Public Lecture Series, however regretted that one of the omissions of the privatisation carried out by the last administration was its lack of compulsory metering component before the conclusion of the programme.

This, he said, was compounded by an inaccurate consumer projection of six million households, without a consumer audit, adding that these are the problems the Buhari government was trying to fix with the Power Sector Recovery Programme.

‘‘What we must insist on is the provision of meters, so that we can monitor and control what we consume. Government must also not interfere with the power of the regulator when it fixes tariff in the way the last administration ordered a reversal of tariff in order to win electoral votes in 2014.

“It created massive debt for Nigeria because while the government ordered a reversal of tariff, it did not reduce exchange rate, interest rate, cost of wages or cost of gas and other inputs necessary to produce power,’’ he disclosed.

The Minister queried why Nigeria should carry a debt created by an individual’s electoral ambition, adding that this was what the Buhari administration had to contend with.

He revealed that most, if not all, the oil and gas producing communities where there is electricity connection do not pay for power because somebody is carrying the cost.

This, he said, is worsened by the fact that the light bulbs are on during the day while in some communities they are never switched off, saying such act is waste because what is wasted will never be enough.

The Minister explained that different classes of consumers require different types of meters, including single and multiple phases, to ensure that meter matches consumer consumption, adding that meters by the same manufacturers are calibrated for each Disco’s use such that a consumer cannot use a meter calibrated for Ikeja Disco in Eko Disco without re-calibration.


http://www.energywatchng.com/discos-need-n220bn-give-consumers-meter-fashola/
PoliticsElectricity Supply Improves By 24 Percent In June by osahonmk(op): 6:51am On Jul 11, 2017
The Power situation in the country saw a 24 percent improvement in June cumulatively, 69,800 megawatts, MW, were sent out as against 53,339MW sent out in May, daily operational report of the Nigerian Electricity System Operation

Gas and water constraints were still recorded within the period under review.

Though the month of June recorded a much higher frequency constraint of about 13,275MW, as against 2,443MW recorded in May, the improvement in June could be attributed to non recorded system collapse of the various power stations.

Also, there were high frequency challenges resulting in generation reductions at Afam Power Plant V1, Ibom Power Plant, Geregu National Integrated Power Project, NIPP and Alaoji NIPP. But the situation has worsened in July, this year as a result of many challenges in the sector.

The report of the Advisory Power Team, made available to Vanguard stated: “On July 8 2017, average power sent out was 3,351 MWh/hour (down by 128 MWh/h).

Water management constraint

“The reported gas constraint was 644MW. The reported line constraint was 69.8MW. The reported frequency management constraint due to loss of DisCo feeders was 1939MW. The water management constraint was 0MW. The power sector lost an estimated N1, 273,000,000 on July 8 2017 due to constraints.

“High frequency due to loss of DisCo feeders remains a significant constraint to generation in Afam VI,Shiroro, Jebba, Odukpani, Geregu I, Omotosho I, Olorunsogo II, and Transcorp Ughelli. Increased line constraints at Ibom.”

However, Nigeria’s power sector may be in for hard times as both foreign and local investors are no longer willing to do business in it, Vanguard has learnt.

According to the Power Sector Recovery Programme, PSRP, which was initiated by the Federal Government and the World Bank, the sector appears to have lost its appeals to investors, both foreign and local, such that many of its sources of funding projects are no longer available.

Consequently, the sector is left with just two dependable funding windows, which are the Central Bank of Nigeria (CBN) and the World Bank.

“From being an investment destination sought after in 2013 – both at home and abroad, the NESI (Nigeria Electricity Supply Industry) has fallen out of favour,” a document of the PSRP sighted by Vanguard stated.According to the document, “With the recent meetings in Abuja of the DFI/MDBs (Development Finance Institutions and Multilateral Development Banks) over issues concerning the currency redenomination of the Put-Call Option Agreement (PCOA), there now remains only two dependable sources of financing for the NESI: NGN – the Central Bank of Nigeria (CBN); USD – the World Bank Group (WBG).”

Regretting that the power sector may have lost the type of investment attraction it had experienced from financiers, the PSRP explained that there was an urgent need to revive its fortunes.

“A bold turnaround plan is now required to utilise current assets and resources optimally, and to restore investor confidence in the sector, required to deliver the planned sector reforms,” it stated.

The document noted that there are several proposals made to get the sector out from the woods, some of which are the government’s reactivation of the privatisation of some key power plants built under the National Integrated Power Projects (NIPPs), as well as other key policy measures which the government must initiate.

Nigeria has been seeking ways to invest $20billion yearly in the sector over the next five years to generate 20,000 megawatts (Mw) of electricity to boost power supply.

However, sources said foreign investors have rejected the invitation of the Federal Government to invest in the power sector because of its low prospects.

It was gathered that the investors, mainly from United States, China, Korea, United Kingdom, Germany and other European countries, are seeing Nigeria as an investment risk nation.

http://www.energywatchng.com/electricity-supply-improves-24-percent-june/
Technology MarketRe: GET YOUR LAPTOP BATTERY THAT LASTS 13 HOURS FOR ALL LAPTOPS by osahonmk(op): 2:45pm On Jul 02, 2017
ALL HAS BEEN SOLD OUT THANK YOU
Technology MarketRe: New Iphone 7 and Red Iphone 7 Plus for Sale by osahonmk(op): 1:34pm On Jun 25, 2017
Iphone 7 plus ... SOLD .... Iphone 7 remaining
Technology MarketRe: New Iphone 7 and Red Iphone 7 Plus for Sale by osahonmk(op): 4:39pm On Jun 23, 2017
Bum bum
Technology MarketRe: Samsung Notebook 500T With Detachable Keyboard by osahonmk(op): 5:45pm On Jun 22, 2017
1 More left to go
Technology MarketRe: New Iphone 7 and Red Iphone 7 Plus for Sale by osahonmk(op): 4:56pm On Jun 22, 2017
bum!!
Technology MarketRe: New Iphone 7 and Red Iphone 7 Plus for Sale by osahonmk(op): 7:44am On Jun 21, 2017
s.a.
Technology MarketRe: Samsung Note 4 For Sale 75k....(SOLD) by osahonmk(op): 7:33am On Jun 21, 2017
All Phones Sold... Out

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