Business
TCN Assures Constant Power Supply
The management of Transmission Company of Nigeria (TCN) has assured Nigerians of steady and regular electricity supply.
The Executive Director (Systems Operations) of the TCN gave the assurance in Abuja, while speaking with Newsmen.
“We are promising steady electricity not only during the Yuletide but also throughout the year; we are moving the sector forward.
“We are saying Nigerians deserve steady electricity supply and one of the cardinal points of this government is regular power day or night.
“All the efforts made in the past to improve the sector are gradually yielding fruits; we expect that the tempo would be sustained because all the investments made in the rehabilitation of power stations, transmission lines and even in power distribution are coming on-stream.
“Also, new projects are being inaugurated, especially the National Integration Power Projects (NIPPs) and new power stations.
“As regards steady gas supply to our thermal stations, which has remained a thorny issue; there is an improvement. Power stations are now getting gas and new NIPPs are coming on-stream,’’ he said
Ndiagwaralukwe reiterated that electricity supply would henceforth be stable and regular in the country, as the TCN had put requisite facilities in place to facilitate steady power supply.
He said that the TCN had installed new electricity transformers across the country, while reinforcing existing power transmission lines.
He stressed that the power sector was being overhauled via sustained investments in electricity generation, transmission and distribution, adding that this would enhance power supply to the people considerably.
Ndiagwaralukwe, however, urged electricity consumers to settle their bills promptly and regularly, particularly now that electricity supply situation had improved appreciably.
He nonetheless, bemoaned the attitude of some people who burned bushes where PHCN’s installations were located, adding that some individuals were even fond of excavating sand near PHCN’s facilities.
Ndiagwaralukwe stressed the bush burning and excavation of sand near PHCN’s facilities could endanger power supply and cause blackouts for the citizens.
He urged all Nigerians to vigilantly guard all PHCN facilities in their neighbourhoods, while reporting any act of vandalism to the police.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.