Echotitbits – Nigeria News

Tag: Infrastructure Development

  • Sahara Group Targets 7,000MW Capacity in Massive Power Sector Push

    Sahara Group Targets 7,000MW Capacity in Massive Power Sector Push

    Reporting by The Punch indicates Sahara Group is targeting a 7,000MW power generation capacity in 2026 as it expands investments across Nigeria’s electricity value chain, including upgrades to existing assets and new renewable projects.

    The company said progress will depend on a stable regulatory environment and ongoing collaboration with the Ministry of Power as reforms continue under the government’s broader energy agenda.

    Leadership and Tribune Online also reported the plans, noting Sahara Group’s stated commitment to renewable integration and infrastructure modernization as part of its 2026 roadmap.

    Echotitbits take: 7,000MW is ambitious relative to typical grid output. Even partial delivery could materially help industry, but the gas supply chain and transmission constraints will determine whether this target becomes real megawatts or just a headline.

    Source: The Punch — https://punchng.com/sahara-group-eyes-7000mw-in-major-power-sector-push/ 2026-01-07

    Photo Credit: The Punch

  • 2026 Budget Aimed at Locking in Economic Reform Gains, Minister Says

    2026 Budget Aimed at Locking in Economic Reform Gains, Minister Says

    According to The Nation reporting on January 6, 2026, Information and National Orientation Minister Mohammed Idris has clarified that the federal government’s current fiscal plan is designed specifically to cement the benefits of ongoing structural reforms. The Minister highlighted that the ‘Budget of Consolidation, Renewed Resilience and Shared Prosperity’ represents a commitment to double down on effective policies while ensuring that improved economic indicators—such as easing inflation and strengthened external reserves—translate into tangible benefits for citizens. Idris acknowledged the hardships faced by Nigerians over the past 31 months but maintained that the difficult decisions were necessary to end long-standing stagnation. He emphasized that recent expansions in business activity and improved investor confidence serve as the foundation for lasting national improvement. The fiscal strategy has been validated by other major outlets including Vanguard and The Punch. According to Vanguard, the budget focuses on ‘strengthening the economy, boosting jobs, and infrastructure.’ In a parallel report, The Punch noted the government’s stance that the ‘2026 budget to strengthen economy, boost jobs, infrastructure – FG’ is a pivotal move for the current administration.

    Echotitbits take: This move signals the government’s shift from ‘survival mode’ to ‘consolidation mode.’ By focusing on infrastructure and job creation in the 2026 cycle, the Tinubu administration is attempting to lower the high cost of living before the next electoral cycle gains full momentum. Watch for how the National Assembly prioritizes capital expenditure in the coming weeks.

    Source: ThePunch – https://punchng.com/2026-budget-to-consolidate-tinubus-reform-gains-minister/ January 6 2026

    Photo Credit: ThePunch