President Bola Tinubu has assured the commitment of his administration to give priority to the power sector and to also partner with the state governments to generate, transmit and distribute electricity to make it more accessible and affordable to businesses and homes across the country.
He made this known in his inaugural address on Monday in Abuja.
Tinubu while listing his administration’s top three major priority areas, emphasised that in the short, medium and long terms, electricity will become more accessible and affordable to businesses and homes alike.
He said, “Power generation should nearly double and transmission and distribution networks improved. We will encourage states to develop local sources as well.
Recall that the Nigeria’s new President had during his campaign speech disclosed plan to end the long-running epileptic power supply in Nigeria.
He had promised to increase Nigeria’s power generation from 5, 000 MW to 15, 000 MW, promising 24 hours steady power supply across the country.
EnergyDay confirmed that the Tinubu’s administration is looking to galvanise the country’s large oil, gas, hydro and solar potential to unlock a generation capacity of 12,522 MW of electric power from existing plants.