Abuja - The Minister of Power, Prof. Chinedu Nebo said the federal government was committed to the provision of electricity to over 30 million Nigerian households that still lack access to electricity.
Nebo, who made the remarks at the sidelines of a forum organised by the Ministry in conjunction with the Standard Bank Group, noted that there is huge investment potentials in the nation’s power sector.
“In Nigeria, access to electricity is way below 50 per cent with about 30 million Nigerian households without electricity.
“I think it is important to mention this so that we begin to see why Nigeria is a veritable location for investment in the electricity sector.
“The demand for electricity in Nigeria is so huge and when you think about our current generation which is about 4 000MW with a country of nearly 170 million people.
“We need to at least quadruple that generation and continue to expand, in order to meet the immediate demand of Nigerians,’’ he said.
He said that in spite of the privatisation of the sector, it would take some time before there could be a significant improvement in the power situation.
According to him, there is the need to replace most of the obsolete electricity infrastructure across the country.
Nebo said that government had devised the use of renewable energy such as solar and wind to provide light for those in the rural areas.
He said that because of the vandalism of the gas pipelines and constrains in getting gas to power the power plants, government was evolving a robust energy mix to mitigate the challenge of gas.
The minister said that the federal government’s vision was to achieve 75 percent access to electricity by 2020 by connecting an average of 1.5 million households annually.
He said the government was committed to using power to serve as a catalyst for the economic and industrial development of the country.
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