FG eyes $20m power sector investment, targets 20,000MW in three years

Date:

Share post:

Adebayo Adelabu, the Minister of Power, says the government is targeting a $20 million investment to ramp up power generation to 20,000 megawatts by 2026.

He disclosed this on Tuesday at the ongoing Nigeria Energy Conference.

He noted that if the country cannot transmit 80 to 85 per cent of its generated power to electricity customers, the situation amounts to a waste of investments.

Adelabu said the government and stakeholders within the power sector must work assiduously towards eliminating the 8 million metering gap in Nigeria.

He said: “If we cannot transmit 80 to 85 per cent of the generated power to customers, then we are wasting investments. We must invest in metering technology; if we can eliminate the 8 million metering gap in Nigeria and develop technology to ensure that collections are monitored, and we can collect up to 90 per cent of power distributed, liquidity is assured in this country.

“The Nigerian government is actively advancing the power sector through various measures. With a $20 billion investment plan, new power plants and transmission lines are set to be established to boost power generation and grid stability”.

His comment comes on the heels of the resurgence in the national grid collapse.

It wasreports that the grid had collapsed three times in less than a week.

60 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Heat Waves And Public Health In Maiduguri

In the heart of Maiduguri, the sun no longer feels like a routine part of daily life it...

When Mothers Carry It All: The Hidden Toll of Economic Neglect and Silent Burdens

By 6:30 every morning, Aishatu (not her real name) is already on her way to work. Before stepping out,...

Three Months After Investigative Report, Yobe Schools Reopen to Old Realities, New Findings Emerge

More than three months after an investigative report exposed the dire learning conditions in public schools across Damaturu,...

Why Baba Malam Wali Is the Steady Hand Yobe Needs in 2027

As the 2027 general elections gradually come into view, conversations across Yobe State are beginning to shift to...