Business A.M
No Result
View All Result
Friday, July 31, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Power: FG denies plans to handover DISCOs to Siemens

by Admin
July 29, 2025
in Frontpage
The Federal Government, Thursday night denied reports making the rounds that it was handing over electricity distribution to a German firm, Seimens.
Sale Mamman, the minister of power, said reports to this effect were false and unfounded. Mamman, who was reacting to the publication that emanated from his press briefing on the outcomes of the Federal Executive Council, EFC, meeting held Wednesday in Abuja, explained that handing over the power distribution service to the firm was not part of the pact that the government signed with the power firm.
The minister, who spoke through Aaron Artimas,  his special adviser on media and communication, in a statement, was quoted as saying that, “So, we have submitted our proposal to the government on the problem of distribution and it is left to them to decide what to do.
“The other thing I can tell you is that the government only signed a memorandum of understanding with the German company, Siemens, on how to leverage generation with transmission and distribution.”
The minister, said the statement, explained that the government was concerned about the disproportion of the value chain and how to align this chain for optimum distribution of power.
“For instance, if we generate 13,000 megawatts, we should be able to transmit the whole 13,000 and distribute the same, that way, Nigerians will be happy and everyone will have 24/7 of electricity.” Mamman expressed regret that even when the discos receive 3,000 megawatts, they short change the system
Admin
Admin
Previous Post

60% Nigerians still not connected to internet

Next Post

Stakeholders charge FG, African leaders on vibrant policies for agriculture

Next Post

Stakeholders charge FG, African leaders on vibrant policies for agriculture

  • Trending
  • Comments
  • Latest

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Computer Engineering professor, Aina takes helm at JAMB to strengthen digital reforms

July 31, 2026
Otedola nears mandatory takeover threshold with N222bn First HoldCo share purchase

Otedola nears mandatory takeover threshold with N222bn First HoldCo share purchase

July 31, 2026
Globus Bank strengthens market position with maiden Fitch rating 

Globus Bank strengthens market position with maiden Fitch rating 

July 31, 2026
MTN Nigeria returns to net cash position after N707.5bn half-year profit

MTN Nigeria returns to net cash position after N707.5bn half-year profit

July 31, 2026

Popular News

  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Major tech companies conquering Africa with sports

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Computer Engineering professor, Aina takes helm at JAMB to strengthen digital reforms

July 31, 2026
Otedola nears mandatory takeover threshold with N222bn First HoldCo share purchase

Otedola nears mandatory takeover threshold with N222bn First HoldCo share purchase

July 31, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M