Economy still crawling after 22 years of unbroken democracy guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
BPE proposes privatisation of Transmission Company of Nigeria
The proposed sale of the transmission assets will be the biggest reform Nigeria’s power system would witness since 2013.
In a bid to transform the operations of the
Transmission Company of Nigeria (TCN), the Bureau of Public Enterprises (BPE) has recommended the full privatisation of the country’s electricity transmission network.
In an interview with Bloomberg on Thursday, the BPE Director-General, Alex Okoh, said the agency will “share its proposal very shortly with the National Council on Privatisation that the state-owned corporation be unbundled and then privatized”.
The Transmission Company of Nigeria, which coordinates the nation’s electricity transmission network, is one of 18 companies that were unbundled from the defunct Power Holding Company of Nigeria (PHCN) in April 2004. It was incorporated in November 2005 and issued a transmission license a year later.
LASG is on the right track with the proposed electricity policy and we applaud the State government for this pioneering effort to decentralise and democratise the supply of electricity to Lagosians. Other States should emulate the LASG electricity policy and start to fashion out their own electricity policies and state electricity laws. This is what we’ve termed “Energy Federalism”.
The Lagos State government recently released a consultation paper on the Lagos State Electricity Policy. The consultation paper, signed by Mr Olalere Odusote, the Commissioner of Energy and Mineral Resources, highlights the need for Lagos State to develop its own electricity policy to address the rapid urbanisation of Lagos State, leading to increasing demand for electricity, and the inherent electricity shortages that have hindered the socio-economic growth of the State. The electricity policy will also focus on reducing environmental pollution from diesel and petrol generators that residents and
Strike: Wabba dares el-Rufai, as gov declares him, others wanted
On
…Oil, electricity workers threaten nationwide strike
…FG wades into face-off
By Victor Ahiuma-Young, Johnbosco Agbakwuru,Omeiza Ajayi, Marie-Therese Nanlong&Ibrahim HassanWuyo
The President of the Nigerian Labour Congress, NLC, Ayuba Wabba, yesterday dared Governor Nasir el-Rufai to come and arrest him and other other labour leaders after the governor declared the NLC president and other labour leaders wanted for alleged economic sabotage.
The governor also placed unspecified bounty on the labour leaders.
This came as armed thugs attacked labour leaders and workers and disrupted Tuesday’s protest by NLC leaders and aggrieved worker as part of ongoing five -day strike against wKaduna State government over perceived anti-workers policies including the recent sack of about 7000 workers including teachers.
NUPENG threatens nationwide strike over attack on Labour leaders vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.