“TUC recalls with dismay that several billions of naira have been expended in the sector to no avail. The call for tariff hike cannot be a solution and it shall be resisted,” the communique stated.
Browsing: Mr. Babatunde Fashola
“The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of the transmission network and enable distribution companies to supply consumers with additional power,” the World Bank said.
He said, “With this installation, the capacity has been raised to 220MVA. Similarly, the Apo 132/33kv substation has been raised from 190MVA to 290MVA.”
Oscarline Onwuemenyi 14 February 2018, Sweetcrude, Abuja – The Transmission Company of Nigeria (TCN) announced that it has attained a…
“Nigerians still consume about 300 million litres of diesel every month and most of this is used to power generators. At the same time, there is about 2,000MW of electricity generating capacity that is unutilized.”
The PSRP serves as a road map to the effective optimization of the Nigeria power sector is a series of policy actions, operational governance and financial interventions being implemented by Federal Government over a period of time.
He noted that unlike what many experts would have Nigerians believe, the inefficient power supply is not what is making the economy not to grow, stressing that Nigeria recorded 7 percent annual growth rate in 2013 and 2014 when it was generating less electricity than it does currently.
“The transmission capacity would reach 15,000MW with 1,540MW marked for export in 2025. By 2030, the electricity grid will have a 23,000MW wheeling capacity and 28,000MW by 2035 from which 2,000MW will be available for export,” he said.
He said, “We hope to break ground this year if we can conclude the financing. Contracts are in place. We are good to go.”
Fashola said, “We closed here last week and we are resuming this week with this committee. Committees of the House also will be asking us of our budget performance and we just need to work in the office so that we can also perform. So, I think there’s a sense here that I respectfully ask you to sufficiently use this time so we can also work to serve the Nigerian people.”
