Nigeria would ensure steady electricity supply for faster socioeconomic development, President Muhammadu Buhari said on Wednesday.
Buhari stated this when he met with top officials of the Federal Ministry of Power, led by the Permanent Secretary, Godknows Igali.
The Nigerian leader said his administration will give the fullest possible attention to boosting power supply in Nigeria because it was convinced that steady electricity will launch the country into faster economic growth.
He told his audience that government had already identified the critical problems in Nigeria’s power sector and was taking appropriate actions to address them.
Earlier, Igali had informed the president that power generation in Nigeria, which was 1,750megawatts (MW) in 1999, had now peaked at 4,600MW.
He added that gas was available to take generation to 5,500 MW in a short time, but that the country needed to expand its electricity infrastructure to accommodate additional power generation.
The west African country has one of Africa’s lowest per capita power supplies, with half of the 170 million people off the grid.
Until recently, daily blackouts force companies to rely on diesel-fired generators, pushing up business costs by up to 40 percent. Enditem