Energy

Except the National Assembly is committed to speedy passage of the Petroleum Industry Bill (PIB), the country would continue to lose several billions of dollar worth of investment.

Introduction
The much anticipated power sector reform aimed at repositioning its the critical sector to more transparent, efficient and cost-effective was thrown into disarray when preferred winners for 10 electricity distribution companies were announced by the Technical Committee on privatisation, last week.      In 2010, President Goodluck Jonathan announced plans to break the Power Holding Company of Nigeria (PHCN) into 18 successor companies which include 11 distribution companies, six generation companies and one transmission company. He also set a target of 20000 megawatts  by the year 2020.