NLC rejects N6trn power sector bailout, demands structural reforms

… Calls for merger of Ministries of Petroleum and Power into Ministry of Energy By Seun Ibiyemi The Nigeria Labour Congress (NLC) has rejected a proposed N6 trillion bailout for power generation companies, arguing that repeated financial interventions have failed to deliver improved electricity supply across the country. NLC President, Joe Ajaero, made the position…

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NLC raises alarm over alleged ₦20bn ‘emergency’ spending plan in TCN

By Seun Ibiyemi The Nigeria Labour Congress (NLC) has raised concerns over an alleged plan by officials within the Transmission Company of Nigeria (TCN) to spend nearly ₦20 billion on electricity grid expansion projects under what it described as questionable emergency procurement arrangements. In a letter addressed to the Minister of Power, Adebayo Adelabu, the…

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