For a population of about 200 million, Nigeria needs 180,000MW of power, but generates 4,500MW. The transmission company (TCN), which evacuates generated power to distribution companies, has a transmission capacity of 8,100MW, but can evacuate only about half of the current installed capacity. The TCN is the weakest link in the electricity network. As a …
NERC’S Proposed Franchising Of Discos and Attendant Problems
Since the commencement of Power Sector Reforms in 2005, the Distribution Companies (DisCos) have been unable to satisfactorily meet stakeholders’ expectations in the provision of reliable electricity services to all customers within their coverage areas. DisCos have had little or limited expansion of their networks as such unable to satisfactorily supply electricity to consumers who are connected …
Payment Service Bank: Impact on Retail Banking
At a telecoms conference in Cape Town, South Africa, Rob Shuter, the CEO of the MTN Group, stated that the Group has put in an application for a Payment Service Bank (PSB) licence, and may launch the bank this year. Although, the PSB has not been launched, and as MTN awaits such PSB licence from the …
The Renewable Energy Option
In Nigeria, about 60% to 70% of the Nigerian Population have no access to electricity. This persistent power crisis necessitated the government’s interest in alternative energy sources. As a result, the Nigerian government initiated designs to promote investments in renewable energy. Over the years, there have therefore been directional policies on renewable energy, namely: National …