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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Columns

Combating Corruption, the Smart Way, By Jibrin Ibrahim

Our anti-corruption approach shows that the effective enforcement of the rule of law and the achievement of low levels of corruption require two complementary factors. First, effective ‘vertical’ enforcement of rules from law makers and their agencies above, and second an effective ‘horizontal’ enforcement of rules by the actors involved…
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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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Opinion

Meter Financing As Investment Opportunity In the Power Sector, By Odion Omonfoman

Given the huge metering gap and the constraints in financing meters, it is imperative that stakeholders in the power sector, under a proposed national metering initiative, develop smart policies and regulations that would incubate a competitive meter finance industry and allow for private investors develop meter financing and meter asset…
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Opinion

Forty-Five Power Sector Prophecies In 2017, By Odion Omonfoman

Electricity customers should pray against further devaluation of the naira. Customers should pray violently against the floating spirit of the naira. It’s the start of another new year. And as usual, “prophets” are dishing out all sorts of prophecies - from the mundane to the ridiculous, in very, very vague…
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Guest Columns

Analysing the 1GW Solar Power Agreement: A Quasi-alternative Perspective, By Yusuf O. Ali

...my initial excitement about the “Nigerian solar revolution” is the more appropriate sentiment considering the current scale of the under-supply in the NPS. However, in the middle of the hysteria, we must make sure that we do not take the renewables revolution as the magic solution that will solve the…
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Opinion

Why the Post-privatisation Era of the Nigerian Power Sector Is Failing to Deliver, By Yusuf O. Ali

NERC has to adopt the suggested nuanced method (or any other one) of making the consumers and investors simultaneously make the tariff acceptance/prompt payment and QoS improvements (via capacity investments) needed from them respectively. I remember the almost unequivocal celebrations that welcomed the successful privatisation of the 16 successor companies…
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Opinion

Developing A Liquidity Solution For The Nigerian Power Sector (2), By Olayemi Anyanechi

...developing a sustainable liquidity solution for the power sector will have positive domino effect on the quality of lives of Nigerians as a whole: there will be greater investor confidence in the power sector, a more stable power supply, increased output and efficiency in manufacturing towards a more speedy industrialisation…
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