Browsing: Energy & Oil

Electricity Distribution Companies (DisCos) have apologised to Nigerians over persistent power shortages across the country, acknowledging the hardship caused by…

As Mbo EMOIMEE unveils development scorecard magazine Stakeholders of the EMOIMEE Host Communities Development Trust (HCDT) have called on its…

 The development, made possible by the Electricity Act, 2023 (as amended), marks a significant step in the State’s quest for greater control over electricity generation, distribution, and regulation within its territory.  

The Commissioner for Power, Hon. Iniobong Robson, disclosed this during a ministerial briefing in Uyo, where he presented an update on the implementation of the Akwa Ibom State Electricity Sector Reforms Programme.

 The Trust covers Eastern Obolo, Mkpat Enin, Onna, Ikot Abasi, Mbo, Eket, and Esit Eket Local Government Areas. Speaking at the AGM, Chairman of the Board of Trustees, Hon. Justus Ntuk, said the Trust had prioritized projects based on identified community concerns and needs, noting that resources were directed toward projects with meaningful impact.  

The Africa Solar Industry Association’s Director of Operations, Benjamin Clarke, disclosed the projection on Thursday while announcing the 2026 edition of the Renewable Energy Forum Africa, scheduled to take place in Lagos on November 25 and 26.

Speaking at an industry briefing in Lagos, Ogunsanya identified inadequate drilling equipment, limited funding, insufficient pipeline infrastructure and a shortage of experienced personnel as major obstacles to the country’s production ambitions.

The projects were formally inaugurated by officials of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) led by the Head, Host Community Communication Media Relations, Dr Shonola Olaide, together with a representative of SEPLAT, Mr Nsemeke Udoakpan.

The offering could become an important milestone for Nigeria’s capital market by giving a broader range of investors an opportunity to participate in a large domestic industrial enterprise.

The investment agreement was signed in Enugu on Tuesday, October 27, at a ceremony attended by government representatives, regional development officials and private-sector partners.