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You are at:Home»Editor's Picks»Why govt cannot increase electricity tariff-Minister 
Editor's Picks

Why govt cannot increase electricity tariff-Minister 

August 20, 2024No Comments1 Min Read
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According to the minister, efforts were ongoing by the government to accelerate the infrastructure in the sector to migrate as much as possible, more customers to band A. He added that the country, for the first time in three years has achieved generation, transmission, and distribution of 5,155.99 megawatts of power.

‘’Precisely on the 8th of August, 2024. When this administration came in, we met an average of 4,000 megawatts of power being generated and transmitted. So I believe that 5,000 megawatts is not something we should celebrate. But if you look at it from the perspective of 5,000 megawatts, 2,000 megawatts were achieved in 1984, for Nigeria. It took us over 35 years to achieve an additional 2,000 megawatts that took us to 4,000.”

Also, hosting the house committee, Sule Abdulaziz, the chief executive officer of the Transmission Company of Nigeria identified lack of funds to complete projects, ageing equipment, and infrastructure vandalization among others as major factors challenging the effective transmission of electricity in Nigeria.

According to the CEO, with ongoing efforts such as increasing grid visibility through expansion, maintenance, and management plans, TCN is confident in achieving a stable, efficient, and robust grid network, despite existing challenges.

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