Tag

Governance

Electricity Consumption, Alternative Energy, and Nigeria’s New Electricity Tariff

In January 2020, the Nigerian Electricity Regulatory Commission (NERC) approved a new electricity tariff. This new tariff was to be charged by the 11 Electricity Distribution Companies (DisCos) commencing from April. Highlights of the new tariff include service reflective payment for electricity consumption and increases in the charge for electricity supply across the country. According to a Premium Times review, increases ranged between 60 per cent in places like Lagos, to about 73 per cent in Abuja, and about 78 per cent in Enugu.

Development

Nigeria Generates 4.3 Million Units of 3000W, Enough for Just 10.75 Percent of All Households

The importance of power supply to the economic development of any nation cannot be overemphasized. Availability and access to reliable electricity supply have a multiplier effect on the productivity and welfare of society. Stakeholders in the Nigerian power sector are quick to say that there is a 12,910MW installed capacity for electricity generation in Nigeria. Even though more than half of the installed capacity is inefficient.

Economy

Should NSIA Continue To Avoid Investing in Power Infrastructure in Nigeria?

Since its inception in 2012, the National Sovereign Investment Authority (NSIA) has focused on enhancing the development of five key infrastructural sectors. They include; agriculture, healthcare, motorways, real estate and power. According to NETI’s recent report as of 2016, NSIA had made a capital contribution of $1,277, 653 in agriculture, N16,111,308 on the second Niger bridge and about N3,000,000,000 on Nigeria equity and shares. While the majority of its investments have been on agriculture, healthcare, motorways and real estate, no investment has been made in power infrastructure despite the strategic importance of power to Nigeria’s economy.