Tinubu vows to remove obstacles to stable electricity supply across Nigeria

, on Friday, declared that despite the nation’s current rate of energy supply, his administration is poised to address all the obstacles militating against a stable electricity supply in the country.

“Although the Nigeria Electricity Supply Industry is currently characterized by huge supply-gap deficits owing to dilapidated power infrastructure and poor distributions networks, amongst others, this administration is poised to address every power value chain challenge that will significantly relieve the suppressed demand, enhance the generation, and improve national peak growth & sustainability far above the hitherto abysmal and unacceptable 5,300MW for over 200 million Nigerians,” the...

“We cannot advance and join the rest of the developed world if we remain stuck with our current electricity supply situation and unable to supply the energy our country requires to power a doubling of the size of our Gross Domestic Product within the next decade.” The Gwagwalada 350MW project is part of an incremental 3,600MW cumulative power project that is based on market-driven designs along the Abuja, Kaduna and Kano gas pipeline corridors, which will further underpin the project’s economic viability while generating multiple foreign direct investments for the nation,” President Tinubu further stated.

“Nigeria will continue to vigorously pursue the implementation of other low-Carbon energy options as part of a larger mix, such as Solar, Hydro, Wind, Thermal and biofuels to help shore up our national energy supply to meet the growing domestic demands and ensure that adequate energy penetrates the homes of our people with a view to improving the standard of living of our people in the rural areas,” the president assured.

Source: Energy Industry News (energyindustrynews.net)

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