Once again, Nigeria’s national electricity grid suffered a collapse on Wednesday. According to data from the Independent System Operator (ISO), power generation plummeted from 2,917.83 megawatts (MW) to a mere 1.5MW between 11:00 a.m. and 12:00 p.m., confirming a nationwide blackout due to grid
The Organised Labour has faulted the over N3tn bailout granted to generation and distribution companies in the power sector by Federal Government after they have been privatised. The National Union of Electricity Employees especially criticised the government for injecting funds into companies owned by individuals without a commensurate increase in electricity generation
Following the ongoing investigation by the Senate Committee Finance on Remittances of Internally Generated Revenue(IGR) by Ministries, Departments and Agencies (MDAs) and payment of 1% Stamp Duties on all federal contracts pursuant of reducing yearly budget deficit and getting more revenue to fund budgets, some government agencies have started opting out of funding from