Is real energy sector reform possible in poly-crisis Nigeria?

As security and economic crises pose ever more challenges, it would be a good time for Nigeria to unleash its more positive forces to avoid an even worse malaise.  But few believe the new president will be able to quickly turn things around.

C&I investments from large private sector players are advancing as are some electrification and off-grid schemes but the industry remains mired in critical liquidity issues.  The new president must also decide whether to accelerate oil and gas reforms.

Transmission company of Nigeria

Nigeria’s Transcorp to expand gas-to-power capacity and add solar power

Issue 507 - 09 June 2024

Nigeria Stock Exchange (NGX)-listed conglomerate Transcorp Group’s two generating company subsidiaries already provide some 20% of Nigeria’s grid capacity. Now one of them, Transafam Power, is looking to increase output by 35% at many of its units while the other, Transcorp Power, is eyeing up a possible utility-scale solar plant.

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Contact Ajay Ubhi.

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