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FG insists 10,000MW still achievable by 2019   The Federal Government, through the Minister of Power, Works and Housing, Mr Babatunde Fashola, has insisted that the Nigerian government’s target of providing 10,000MW of electricity by 2019 is still achievable. According to a statement by the power ministry, Mr Fashola added that the target could still be realised in spite of the current challenges facing the power sector. The minister added that all the measures put in place in the Power Sector Recovery Programme by the present administration were geared towards actualising government’s objective of achieving incremental, steady and uninterrupted power supply to Nigerians. While recalling that the amount of power available on the grid on May 29, 2015, the day President Muhammadu Buhari took office, was 2,690MW, the minister pointed out that on May 29, 2017, the power on the grid was 4,014MW. He explained further that on February 10, 2016, for the first tim...
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Telcos target $100bn new wireless market

Telecommunications operators in Nigeria’s highly competitive market are making significant investments in broadband network testing and upgrades for  migration to Long Term Evolution - a new wireless platform which offers better broadband speeds and efficiency, as they look to drive up data revenues.  Global service revenues generated by LTE mobile networks are forecast to reach $100 billion by next year, and mobile operators in Nigeria are all gunning for a piece of the market. This move  is coming on the heels of the recent declaration by the Nigerian Communications Commission (NCC) that new frequency spectrum specifically for LTE/4G would be made available to operators in 2015. A new report also suggests that mobile network operators in the country have ploughed in $2.24 billion (N347 billion) into network and infrastructure expansion projects in the preceding year. Industry sources told BusinessDay that a substantial size of the figure has gone into network pr...
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European Investment Bank Sign $25M Solar Funding Pact for Nigeria, Others The European Investment Bank (EIB–the EU bank) yesterday, signed a $25m financing installation of off-grid solar systems with the light to strengthen access to energy in Nigeria and four other African countries. Vice-President of the bank, Ambroise Fayolle, who announced the project at the ongoing 6th Africa CEO Forum in Abidjan, Cote ‘Ivoire, listed other countries to include Ethiopia, Kenya, Tanzania and Uganda, said the energy would be supplied via solar kits that do not require a grid, which are easy to use and inexpensive for users, to come in a pre-payment system. He stated that particular emphasis will be placed on rural and suburban populations and micro-entrepreneurs when it eventually materialise. According to him, the financing will enable d.light design to develop the installation of solar kits – including not only panels and lamps, but also low-energy equipment (radios, TVs, etc.) –...
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