Nigeria’s apparent jinx of darkness: An optimistic view, By Tolu Ogunlesi

Nigeria’s apparent jinx of darkness: An optimistic view, By Tolu OgunlesiINVESTIGATION: TETFund’s N3.8 billion training contract triggers procurement controversy, concernsINVESTIGATION: How Nigerian soldiers killed unarmed civilians in Kaduna community

And yet, if one looks a bit more dispassionately, encouraging signs of progress can be seen here and there. One example: Two years ago, I went in search ofdata in Nigeria, and found some interesting information: Nigeria had gone from 42 grid collapses in 2010, to 10 in 2015, and four each in 2020 and 2021, and three in 2023.

Launched just before COVID hit, the pandemic slowed it down quite a bit, necessitating a significant extension of the timeline, but the project remains well on course, with five “workstreams” in its scope: Transmission, Distribution, Network Simulation, Meter Data Management, and Training / Capacity Building.

…the issues in the electricity supply industry are complex , and also that there’s no magic wand to be waved for solutions. The only feasible solutions lie in the following: clearing the backlog of debts; getting more money flowing into and through the system, to unlock more fuel ; getting more meters installed, to reduce collection losses; and investing in the power grid, so that collapses can dwindle to zero, and more electricity can be consistently delivered to consumers.

The Federal Government says that the cost per unit of electricity in Nigeria is too low, and unable to sustain commercial operations. The solution to this is to raise prices, which is what was recently done — but specifically for Band A consumers – the roughly 15 per cent of consumers who the government says are most financially able to pay non-subsidised rates , in exchange for a minimum of 20 hours of electricity per day.

All of these lead to a point that cannot be overstressed, which is that the issues in the electricity supply industry are complex , and also that there’s no magic wand to be waved for solutions.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The new electricity tariff in Nigeria: Matters arising, By Tolu OgunlesiThe total estimated electricity subsidy cost to the Federal Government for 2024, without tariff adjustment, will be ~N2.9 trillion.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Chef Tolu Eros settles Jollof wars with ‘Unity Jollof’, featuring Hollywood star Micheal Jordan, othersThe fierce rivalry between Ghana and Nigeria on who makes the better Jollof Rice has gone on for so long and has been so intense that it has garnered international recognition.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Family, footballers bid late coach Izilien farewellNigerias from all walks of life, including top footballers and ex-players, yesterday, paid their last respect to the late Coach Godwin
Source: GuardianNigeria - 🏆 1. / 94 Read more »

External candidates: Sokoto to issue ID cards to counter back-door infiltrationThe Nation Newspaper External candidates: Sokoto to issue ID cards to counter back-door infiltration
Source: TheNationNews - 🏆 6. / 69 Read more »

The minimum wage issue: Numbers vs value, By Dakuku PetersidePremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Shareholders advocate investment in NBL’s N600b rights issueThe Nation Newspaper Shareholders advocate investment in NBL’s N600b rights issue
Source: TheNationNews - 🏆 6. / 69 Read more »