NERC establishes independent system operator - The Nation Newspaper thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.
Economy, Constitution Review, Electoral Reforms Top Legislative Agenda as N'Assembly Resumes Plenary Today thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
The National Assembly was thrown into a momentary blackout when power went off while the Minister of Power, Adebayo Adelabu, was making his speech. The minister was responding to questions from senators at the investigative hearing on “the need to halt the increase in the price of electricity” organised by the Senate Committee on Power on Monday. SaharaReporters had reported that the Senate Committee on Power invited Adelabu and the heads of agencies under the ministry to an investigative hearing on the new electricity tariffs.
The Minister of Power, Adebayo Adelabu has claimed that the country needs to invest the sum of 10 billion dollars yearly, to revive the power sector for the next 10 years. The minister revealed this on Monday, at a one-day investigative hearing on halting the electricity tariff increase by the Nigerian Electricity Regulatory Commission (NERC) organised by the Senate Committee on Power in Abuja. He was quoted by NAN saying: “For this sector to be revived, government needs to spend nothing less than 10 billion dollars annually in the next 10 years.