Senate to address liquidity crisis, others in power sector

-

Senate-chambers1-1024x622


 
The Senate Committee on Privatisation and Commercialisation has expressed its desire to wade into the challenges leading to the shortfall of about N900 billion in the Nigerian electricity sector, The Guardian reports.
Also, the committee is working on a bill that would prescribe strict punishment for electricity thieves and vandals before the end of 2016. The bill, according to the Senate, will enable the law to crack down on those involved in stealing electricity and those defaulting on bill payments.
The Chairman of the Senate Committee, Ben Bruce, while on oversight visit to Eko Electricity in Lagos, lamented the liquidity challenges in the sector, saying that these needed the intervention of the government, operators and consumers.
He assured that the committee would also ensure the prompt payment of government Ministries Departments and Agencies (MDAs) electricity outstanding debts of over N100 billion.

Comments

Post a Comment

Popular posts from this blog

FINIQUE TRENDS

-
Image
An eye catching combination of sleek African prints with dramatic American flapper details. The attempt was to blend two extraordinary but very diverse cultures and strike a stunning balance between old world glamour and present day charm with our Great Gatsby style pieces that pulls inspiration from both cultures. The 1920s, the year of the Great Gatsby is known for unprecedented economic prosperity, the evolution of jazz music, flapper culture, and forging of a genuine mass culture. Africa is currently witnessing its own cultural renaissance in music, dance, fashion and the arts generally. Characterised by bold, vibrant prints, laces, fringes, mesh and ornate details; these looks mixes classic flapper ideas with bright contemporary pieces for a look that hints at old world but is full of life as it is today. We went for a 1920s American aesthetic mixed with new age African ideas for the entire collection. According to the Creative Director of FINIQUE STITCHES, MIS...
Read more

Tottenham receive major injury boost prior to Juventus clash

-
Image
Share with Facebook Tweet on Twitter Send Email Copy to Clipboard Tottenham receive major injury boost prior to Juventus clash By Jamie Brown Created on: March 3, 2018 2:24 pm Last Updated: March 3, 2018 2:25 pm Jan Vertonghen has returned from injury to face Huddersfield Town this afternoon and just in time to face Juventus in the Champions League in midweek. Tottenham Hotspur host the Italian champions at Wembley on Wednesday with the tie currently poised at 2-2 following an enthralling first-leg in Turin. Vertonghen’s has missed Spurs’ previous two outings with an ankle injury, however, his return hands his side a huge boost ahead of Wednesday’s crunch match. Jan back Pochettino makes two changes from the side that beat Crystal Palace last week as Jan Vertonghen and Heung-min Son come in for Victor Wanyama and Erik Lamela. Meanwhile, Lucas Moura will have t...
Read more

Senate says Nigeria accounts for 40% of gas flared annually in Africa

-
Image
Senate says Nigeria accounts for 40% of gas flared annually in Africa The Senate said on Wednesday that Nigeria accounts for over 40 per cent of the gas flared annually across Africa,  which amounts to about $7 billion in waste, Vanguard reports. It also declared Nigeria was losing over $2.5 billion to gas-flaring  annually and that the country also accounts for an estimated two billion standard cubic feet of flared gas, which amounts to about 19 per cent of gas flared globally. The upper legislative chamber has, therefore, set in motion a machinery to repeal the 39-year-old law which recommends only N10 as fine for gas flaring. Declaring open a public hearing on Gas Flaring (Prohibition) Bill 2017, Senate President, Dr Bukola Saraki, noted that gas-flaring remained a matter of great national embarrassment ...
Read more