For the first time in Nigeria‘s history, the country has recorded electricity generation of 4,600 MW, according to the Federal Government of Nigeria. This announcement came this past Thursday, November 6th, 2014. Prior to this announcement, the peak amount of electricity generated in Nigeria was 4,518 MW, recorded on December 23rd, 2012.
According to the Nigerian government, the country recorded a rise in electricity generation primarily due to Nigeria’s recent power sector privatization, which has led to the implementation of steps to boost electricity generation across Nigeria.
Some of such steps implemented to strengthen Nigeria’s power sector include the Central Bank of Nigeria’s deployment of a N213B ($1.3B) intervention fund for operators in the country’s power sector, to enable these operators service their outstanding gas supply liabilities and optimize their operations. Furthermore, the Nigerian government has stepped up efforts to prevent and punish vandalism of the country’s power infrastructure.
Nigeria’s Minister of State for Power, Mr. Mohammed Wakil, announced the latest figures on the country’s power generation while speaking at the inauguration of the National Power Sector Apprenticeship Scheme (NAPSAS) at the Presidential Villa in Abuja. “This shows that the reform in the sector is working and the privatization of the sector is not a waste”, he said.
Speaking at the event, the Chairman, House of Representatives Committee on Power, Mr. Patrick Ikhariale, added that “This shows that we are making progress in our pursuit of having adequate power supply. So it is important we do what is right to make sure this figure continues to increase.”
Nigeria’s Minister of Power, Professor Chinedu Nebo, added his comments on Nigeria’s power generation milestone, stating that one of the critical challenges faced by Nigeria’s power sector, which had become even more acute during the power sector reform efforts, has been the lack of sufficient human capital.
Source: Nigeria Business News.
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