fbpx
  • About Naijanews360
  • Contact us
  • Privacy Policy
  • Amazon Buy
  • Your Opinion
Sunday, August 14, 2022
No Result
View All Result
Naijanews360
  • Home
  • News
    • News
    • Politics
    • Metro Plus
    • Religion
    • Education
    • Health
    • International
  • Gist
    • Trends
  • Sport
  • Prediction
  • Entertainment
    • Music
    • BBNaija
  • Lifestyle and Events
  • Home
  • News
    • News
    • Politics
    • Metro Plus
    • Religion
    • Education
    • Health
    • International
  • Gist
    • Trends
  • Sport
  • Prediction
  • Entertainment
    • Music
    • BBNaija
  • Lifestyle and Events
No Result
View All Result
Naijanews360
No Result
View All Result

Nigeria records $29b loss to power failure yearly – Senate President, Ahmad Lawan reveals

Matthew John Alex by Matthew John Alex
2 years ago
in News, Politics
2 min read
0
537
VIEWS
Share on FacebookShare on Twitter

Senate President Ahmad Lawan on Monday June 15, made it known that Nigeria records an amount of $29 billion loss yearly to irregular and poor power supply.

The Senate President who disclosed this as he made a declaration to open an investigative public hearing on a motion entitled: “Power Sector Recovery Plan and the Impact of Covid-19 Pandemic” which will be organised by the Senate Committee on Power in Abuja, revealed that about N1.8 trillion has been spent on power since 2015 with no tangible achievement in the sector. 

Lawan urged the Federal Government to make a review of the privatisation of the sector, as he note that there is still no improvement in the power sector which brings about huge financial losses to the government monthly.

The Nation reported that the Senate President also made a disclosure that the Share Purchase Agreement between the Federal Government, Distribution Companies (DisCos), Generating Companies (GenCos), is the cause for the loss of between N12billion and N15 monthly.

He added; 

“So, for us in the National Assembly, particularly in the Senate, we have been very concerned. I believe that we all understand how Nigeria has remained undeveloped, especially when we are talking about manufacturing, empowering our artisans, the vulcanisers, the barbers. Nigeria cannot be competitive.’’

Tags: Ahmad Lawan
Matthew John Alex

Matthew John Alex

Matthew John Alex; The founder and CEO of Naijatech360 and Naijanews360, I am a computer scientist with passion and love for content writing and sharing.

Related Posts

“all these formats don cast”-Singer, Peter Okoye blasts Dino Melaye for saying Peter Obi’s incompetence (Video/Pictures)
News

“all these formats don cast”-Singer, Peter Okoye blasts Dino Melaye for saying Peter Obi’s incompetence (Video/Pictures)

August 14, 2022
529
Fire Guts the Nigerian National Assembly In Abuja, destroys documents (Photos)
News

Fire Guts the Nigerian National Assembly In Abuja, destroys documents (Photos)

August 12, 2022
560
Metro Plus

Nigerian man stran-gles wife to de-ath, attempts to take his life in Niger state (graphic photos/ video)

August 9, 2022
594
Metro Plus

The moment Uduah Frank Akpan, killer of late job seeker, Inubong Umoreh tried to run after being sentenced to de@th by hanging (Video)

August 4, 2022
726
Load More
Next Post
“I don’t shout audio sold out” – Thelma throws shade at Tacha for bragging differently

“I don’t shout audio sold out” – Thelma throws shade at Tacha for bragging differently

BREAKING: JAMB announces cut-off mark for 2020 admission

BREAKING: JAMB announces cut-off mark for 2020 admission

Recommended

#BBNaija: “I’m in love with you, I can’t change it” – Ozo tells Nengi (Video)

#BBNaija: We don’t have to always be together – Nengi tells Ozo (Video)

2 years ago
667
COVID-19: MURIC reacts as Sanwo-Olu delays opening of churches, mosques

Governor Sanwo-Olu explains why Lagos state does not have Amotekun (Video)

1 year ago
549

Popular News

  • #BBNaija: “Which position be this again?” – Netizens react as Daniella gives Khalid a birthday treat under the cover (Video)

    #BBNaija: “Which position be this again?” – Netizens react as Daniella gives Khalid a birthday treat under the cover (Video)

    215 shares
    Share 86 Tweet 54
  • #BBNaija: Sensual moments between housemates; Groovy and Phyna get people talking (Videos)

    109 shares
    Share 44 Tweet 27
  • #BBNaija: “Please don’t try it” – Watch the moment married man Kess stopped Ilebaye from ki-ss-ing him, gives her reason he won’t allow her (Video)

    107 shares
    Share 43 Tweet 27
  • “How old is she?” – Netizens reacts as fast-rising actress, Oluebube Obio celebrates birthday with cute photos

    135 shares
    Share 54 Tweet 34

Connect with us

Get new posts by email:
Powered by follow.it

Newsletter

THE MOST IMPORTANT LOCAL NEWS AND EVENTS OF THE DAY

Subscribe Now !!!

  • About Naijanews360
  • Contact us
  • Privacy Policy
  • Amazon Buy
  • Your Opinion

© 2020 Naijanews360 - Designed by Naijatech360.

No Result
View All Result
  • News
    • Metro Plus
    • Politics
    • Religion
    • Health
  • Gist
  • Sport
  • Entertainment
  • Music
  • Lifestyle and Events
  • Opinion

© 2020 Naijanews360 - Designed by Naijatech360.