President Bola Tinubu says Nigeria’s power generation capacity at about 4.5 gigawatts is shameful.
According to a statement by Ajuri Ngelale, presidential
spokesperson, Tinubu spoke during the inauguration of the presidential economic
coordination council (PECC) on Thursday.
Since powered generation is measured in megawatts in
Nigeria, 4.5 gigawatts would translate to 4,500 megawatts.
Speaking at the event, the president called for the
collaboration of the members to increase Nigeria’s on-grid electricity
capacity.
”We have the challenge of energy security in Nigeria. We
need to work together to improve our oil and gas sector, and we must also
increase electricity generation and distribution throughout the country,”
Tinubu said.
“We are determined to do that with your cooperation,
collaboration, and recommendations. As a nation, it is so shameful that we are
still generating 4.5GW of electricity.
”We must increase our oil production to two (2) million
barrels per day within the next few months and we are determined to remove all
entry barriers to investments in the energy sector while enhancing
competitiveness.”
Tinubu highlighted the need for innovative solutions to the
country’s economic challenges, stressing the importance of public-private
partnerships in driving economic reforms.
Additionally, Tinubu announced measures under the economic
stabilisation programme, aimed at stabilising the economy, enhancing job
creation, and fostering economic security.
On energy security, the president said the initiative —
which includes power, oil and gas — aims to increase on-grid electricity to be
delivered to homes and businesses from about 4.5 gigawatts to 6 gigawatts in
six months.
The scheme, according to the president, also aims to
increase oil production to 2 million barrels per day within the next 12 months.
On Thursday, Tinubu announced a N2 trillion economic
stabilisation plan to revive Nigeria’s struggling economy.
Advertise on NigerianEye.com to reach thousands of our daily users
This comment has been removed by a blog administrator.
ReplyDelete