The Chairman of MOJEC, Mrs. Mojisola Abdul, has commended President Bola Ahmed Tinubu on the recent unveiling of the Nigeria First Policy, describing it as a bold and visionary move that signals a new dawn for Nigeria’s industrial and economic advancement.
Saki community in Oyo state may soon begin to enjoy 22 hours of electricity as De-Janees Concept sealed a deal with Hexing Electrical Company for construction and installation of a 10MW solar hybrid power plant in the community.
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has said that participation of Nigerians in the activities of the oil and gas industry has moved from 5% in-country value retention in 2010 to 56% in December 2024.
The House Committee, led by its Chairman, Hon. Hamisu Ibrahim, conveyed this commitment during an oversight visit to the plant, noting that partnering with the stakeholders in the Nigerian Electricity Supply Industry (NESI) is necessary to achieve improved power generation.
Lagos State Governor, Mr Babajide Sanwo-Olu, has sworn in appointed chairman and members of the Lagos State Electricity Regulatory Commission (LASERC) with mandate to ensure an affordable, reliable, and sustainable electricity supply tailored to Lagos’s unique needs.
Adelabu who was speaking at a two-day retreat organized by the Senate Committee on Power, said despite tariff adjustments that boosted market liquidity by 70 percent, raising sector revenue from ₦1 trillion in 2023 to ₦1.7 trillion in 2024, the distribution segment remains the weakest link.
Brent crude futures settled 13 cents higher at $65.54 a barrel, while U.S. West Texas Intermediate crude closed up 20 cents at $62.69 a barrel from $60 per barrel last week.
