Friday, 7 November 2014
Good News as Federal Government announces power generation hits 4,600MW.
The Federal Government announced on Thursday that for the first time in Nigeria’s history, it was able to generate 4,600 megawatts of electricity.
Before Thursday’s announcement, the country’s highest peak generated power was recorded on December 23, 2012 at 4,517.6MW.
According to the government, the rise to 4,600MW is due to the various measures adopted in recent times to boost power generation across the country following the privatisation of the sector.
Some of the measures include the provision by the Central Bank of Nigeria of N213bn intervention fund for operators in the sector to be able to settle their outstanding gas debts and boost their operations, and the efforts made by government in arresting the menace of power infrastructure vandalism.
Speaking while inaugurating the National Power Sector Apprenticeship Scheme at the Presidential Villa in Abuja, the Minister of State for Power, Mr. Mohammed Wakil, announced the latest figure of power generation.
“This is the first time that history is made in Nigeria for us to hit 4,600MW of power in our country. This shows that the reform in the sector is working and the privatisation of the sector is not a waste,” he said.