Opinion

Improved Service Delivery – The Key to Unlocking Cost Reflective Retail Electricity Tariffs, By Odion Omonfoman

The implementation of the service delivery model in determining cost reflective retail electricity tariffs will be beneficial to the power sector. It will put an end to the perennial complaints of non-cost reflective tariffs by DisCos, a complaint that has plagued the power sector since the conclusion of the privatisation…
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Opinion

Analysing the Siemens Electricity Roadmap Proposal, By Odion Omonfoman

...the Siemens Roadmap proposal is a good deal for the Nigerian power sector if it sails through the commercial and contractual negotiation stages. The benefits to Nigeria and Nigerians far outweigh the proposed anticipated costs. However, there are several weak points that need to be anticipated during the implementation of…
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Opinion

Recalling Ambode’s Legacies In Lagos, By Odion Omonfoman

On May 29, 2015, Mr. Akinwunmi Ambode was sworn in as the executive governor of Lagos State. During his tenure as the 5th democratically elected governor of Lagos State, which ended on May 28th, 2019, the Akinwunmi Ambode administration left many legacies of its own and also continued with the…
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Opinion

Yola DisCo: Matters Arising and Why BPE Needs To Suspend Its Re-privatisation, By Odion Omonfoman

It would therefore be more practical to consider a different approach and re-design of the privatisation model for Yola DisCo to achieve a successful re-privatisation. Breaking up Yola DisCo into several DisCos along state boundaries, and also adopting the concession model are strategies that would ensure success of its re-privatisation.…
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Opinion

Folorunso Alakija’s Oil Block: A Model of Nigerian Elite Racketeering?, By Odion Omonfoman

This should be Mr. Ogundamisi’s concern – how to get the Nigerian owners to develop these blocks/fields or relinquish themback to government or other indigenous parties capable of exploring, developing and monetising the hydrocarbon resources for the benefit of Nigeria and Nigerians. This article is in response to the twitter…
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Opinion

The Deregulation Debate: A Practical Guide To Deregulating Petrol Prices, By Odion Omonfoman

Any effective deregulation of PMS prices would need to deal with the Nigerian factor, in terms of profiteering, price collusion, pump price manipulation and product hoarding to create artificial scarcity. Perhaps, no other factor would determine the successful deregulation of PMS prices more than Nigerians themselves. The debate for the…
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Opinion

Liberalising the Metering Industry: Regulatory and Policy Considerations, By Odion Omonfoman

The key to liberalising the metering industry and unlocking a commercial MSP model is first to disaggregate metering from the the license obligations of DisCos and develop sound commercial regulations that assure investors in MSPs of a recovery of their investments in metering. At the 18th power sector stakeholders meeting…
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Opinion

Solutions to Addressing the Challenges of the Power Sector Privatisation, By Odion Omonfoman

The privatisation of the power sector, while transparently conducted, was fraught with a number of missteps and set to go wrong from the start of the process. Four years after, the privatisation has proven to be problematic, and may result in a sovereign debt burden for Nigeria and Nigerians. The…
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Opinion

Privatisation of the Power Sector: What Went Wrong?, By Odion Omonfoman

The privatisation process was underpinned by very optimistic and unrealistic assumptions and promises by Nigerian Electricity Regulatory Commission (NERC), the Bureau of Public Enterprises (BPE) and policy makers. There were also several promises made to investors during the bid stage to incentivise them. Such unrealistic assumptions and incentives In recent…
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Opinion

Eligible Customer Declaration – Matters Arising, By Odion Omonfoman

- Minister for Power, Babatunde Raji Fashola However, the big elephant in the room is how the policy would be implemented, particularly the DUoS for eligible customers at 11KV and 33KV served by DISCOs, as well as the potential revenue shortfall that may further weaken already financially stressed Discos. We…
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