Tinubu Backs Lagos International Financial Centre, Sanwo-Olu Reveals At UK Investment Forum

Sanwo-Olu says Tinubu supports Lagos International Financial Centre initiative to position Nigeria as global financial hub. Lagos State Governor, Mr. Babajide Sanwo-Olu, has disclosed that President Bola Tinubu was excited about the establishment of the proposed Lagos International Financial Centre (LIFC). A statement signed by Gboyega Akosile, who is Sanwo-Olu’s...
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Gencos Blame Regulatory Distortions, N6.2tn Debt For Nigeria’s 25.8% Power Capacity Utilisation

Gencos cite regulatory risks, unpaid N6.2tn debt and weak PPAs for Nigeria’s persistent 4,000MW power generation. Nigeria’s power generation companies have attributed the country’s persistently low electricity output averaging about 4,000 megawatts from an installed capacity of 15,500MW, to deep-rooted regulatory distortions and operational constraints within the electricity market. The...
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