ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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PRESS BRIEFING ON THE OUTCOME OF FEC MEETING TODAY BY FASHOLA,SIRIKA & KAZAURE.{PHOTO}.

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   After the Federal Executive Council (FEC) meeting, Minister of Power,Works and Housing, Tunde Fashola; Minister of Aviation, Hadi Sirika; and Minister of the Federal Ministry of Water Resources, Suleiman Adamu Kazaure briefed the press on the outcome of the meeting. #FECBrief
FEC today approved a Ministry of Power,Works and Housing Memo providing a framework of investment in expanding the national distribution network,to deliver an extra 2000 megawatts of electricity to consumers
Nigeria today has 2000 megawatts of electricity that cannot reach consumers because of lack of distribution capacity.
Also presently, Nigeria can generate 7,000 megawatts of electricity. The Transmission Company of Nigeria (TCN), following extensive grid expansion in the last two years, also now has the capacity to wheel the 7,000 megawatts. But bottlenecks exist at the distribution (Disco) level, with only 5,000 megawatts of distribution capacity. Hence the need for expansion.
The framework for investment to improve distribution capacity will involve competitive International Tendering and Procurement. The Federal Government will contribute 40% of the needed investment (based on its 40% Disco ownership), while the Discos will contribute 60%.Meanwhile, expansion in generation and transmission capacity are continuing. According to the Minister of Power,Works and Housing, Tunde Fashola , there is 1,600 megawatts of new generation capacity scheduled for delivery in 2018.
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