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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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Nigerians should be glad Buhari withheld assent of PIGB

Abuja – Presidential aide, Sen. Ita Enang, has said that rather than expressing displeasure, Nigerians should be glad that President Muhammadu Buhari withheld assent to the Petroleum Industry Governance Bill (PIGB). President Buhari Enang, who is the Senior Special Assistant (SSA) to the President on National Assembly Matters (Senate), stated this when he featured on News Agency of Nigeria (NAN) Forum in Abuja on Tuesday. He said that if the president had signed the bill, it would have made some commissions and agencies so rich that funds they would be collecting from the industry monthly would be more than what six states got monthly According to him, Buhari feels that the PIGB in its current form will create another `masquerade’ that would be a liability and debit to other tiers of government. By masquerade, Enang was referring to the provision of the Bill that allows the Petroleum Industry Regulatory Commission to retain as much as 10 per cent of the total revenue generated in the o...
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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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