ABUJA — President Muhammadu Buhari has approved the sack of the management of the Abuja Electricity Distribution Company (AEDC). Minister of State for Power, Goddy Agba announced this in a statement on Tuesday, saying the president also approved a new interim governing board to oversee the day-to-day operations of the company. According to Ofem Uket, spokesman of the Minister, his action follows the industrial action by the Nigerian Union of Electricity Employees (NUEE) workers to...

LAGOS — The Nigerian Bulk Electricity Trading (NBET) has disclosed that Nigeria is selling electricity to neighboring countries for strategic reasons. Nnaemeka Ewelukwa, managing director, NBET, said this when he appeared before the house of representatives committee on finance on Tuesday. According to him, only six percent of the electricity generated in the country is sold to neighboring countries. “Nigeria sells electricity to Niger Republic and Benin Republic. Those transactions recent have been more driven...

LAGOS — A group, the All Electricity Consumers Protection Forum (AECPF), has advised the Federal Government to avoid mistakes of the past in its plan to sell five power Generation Companies (GenCos) to investors. Mr. Adeola Samuel-Ilori, National Coordinator, AECPF, gave the advice in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. NAN reports that the Bureau of Public Enterprises (BPE) had recently called for investors to acquire 100 per...