• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria working on reforms to ensure stable power supply

Power

The Matters Press by The Matters Press
February 19, 2022
Reading Time: 2 mins read
0
Power line to energise part of Oyo

The Managing Director of the Nigerian Bulk Electricity Trading Company (NBET), Mr Nnaemeka Ewelukwa, on Friday said that the Federal Government is putting reforms in place to ensure stable power supply in the country.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Ewelukwa made this known at a Capacity-Building Workshop for members of the Power Correspondents Association of Nigeria (PCAN) and Civil Society Organisations in Lagos.

The workshop, with the theme “Building knowledge and Plugging Skills Gap in Power Sector Reporting”, indicates a worrisome mismatch that government wants to plug.

He said that the critical reforms that the government has embarked upon are designed to sustain the financial status of the market, ensure technical capacity to remove the deficit in supply to meet the demand of the country.”

According to him, the Federal Government has begun the implementation of the transmission expansion plan which works in sync with the government/Siemens Presidential Power Initiative – with phase one – (7,000mw), phase two – (11,000mw) and phase three (25,000mw) supply.
Ewelukwa said “this government is keen to implement these reforms.

To be honest with you, we are having sleepless nights to achieve these.”
He said that government plans to keep expanding generation, transmission and distribution capacity to meet the country’s demand.

According to him, the distribution companies are also improving their performances and facilities to ensure improved power supply.

Explaining NBET’s function in the Transition Electricity Based Market, he said the design is to temporary bridge in the electricity market.

He said that NBET has a long-term role to drive market competition by ensuring that it is moved from a government-centered market to a private-sector driven electricity market.

“We are enthusiastically looking at the point when we will actually start the innovation process of handing over the Power Purchase Agreements we signed to distribution licensees and eligible customers as the case may be,” he said.

Tags: Power
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
NERC declares meters free under mass scheme

Nigeria willing to partner investors to improve power supply

Kenya hits the globe for oil investment

Anambra begins enjoying 13% oil derivation

Recommended Stories

Nigeria disburses N56bn to MSMEs

NEPC tasks small, medium scale enterprise on value addition

February 8, 2023
Job loss fear confirmed as more AI tools launch

Mbah promises to 40,000 youths on digital, entrepreneurial skills annually

November 19, 2023
Nigeria to promote digital innovation, entrepreneurship – Pantami

Nigeria’s leadership role in Artificial Intelligence part of vision for a greater nation

February 19, 2025

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us