Nigeria’s power sector decreased in growth by 45 per cent in real term in the third quarter of this year when compared to the preceding quarter, data from the National Bureau of Statistics showed.

Also, industry figures obtained in Abuja on Thursday showed that after posting a peak generation of 5,008.9 megawatts on December 7, 2021, the figure dropped by 1,119.6MW to an off peak of 3,889.3MW on December 8, 2021.

A document on Power Sector Data Review, which was presented by the NBS at the 1st Abuja Electric Power Conference and Exhibition organised by the Abuja Chamber of Commerce and Industry, also stated that the contribution of the sector to real Gross Domestic Product decreased in third quarter 2021.

This came as experts and operators at the conference called on the Nigerian Electricity Regulatory Commission to efficiently and sustainably enforce the sector’s market rules to allow the business function as required.

The NBS power review report stated, “In real terms, the sector grew by 14.36 per cent in Q3 2021, an improvement from the growth rate of –3.66 per cent recorded in the same quarter of 2020.

“When compared to the immediate past quarter, there was a decrease of 63.80 per cent points from 78.16 per cent recorded. Quarter-on-Quarter, the sector grew at a rate of -45 per cent.”

It added, “The contribution of this sector to real GDP in third quarter 2021 was 0.40 per cent, higher than 0.36 per cent recorded in Q3 2020. This figure in 2021 was lower than 0.80 per cent recorded in Q2 2021.”



Expressing concerns over the poor performance of Nigeria’s power sector, the President, ACCI, Al-Mujtaba Abubakar, said market forces and principles should be allowed to operate within the sector.

He said, “The sector cannot perform efficiently and sustainably if market rules are not allowed to function. This is even more germane now that global governments are suffering from dwindling revenue.

“All indices confirm that government cannot sustain continuous intervention in the sector. We believe efficient regulatory actions will go a long way to ensure all stakeholders play their part across the value chain.”

Abubakar added, “A situation where regulators are reluctant to enforce established regulations can create distortions within the system.”

Also, stakeholders at the conference observed that there was regulatory weakness pervading the system, according to the communique issued at the end of the event.

It read in part, “The regulator is considered too weak or too unprepared to enforce clear regulations (Grid Code, Market Rules, etc) to which operators are expected to abide.

“The lack of regulatory enforcement weakens the system and encourage operators to flout establshed rules.”


They stated that there was no consequence management system in terms of holding accountable violators of regulations among the operators.

“Operators take advantage of this weakness leading to worsening service delivery and growing gridlock within the system,” the communique stated.

https://punchng.com/power-generation-drops-by-1119-6mw-sectors-growth-falls-by-45/

Does it surprise me? NO, since its not a rocket science.

when are we going to get anything right in this God favorable country.

Hopefully by 2023 we would have learnt our lesson.

We Igbos never expected anything from buhari government.

So we're not affected in any way.

Let's sell this country and share the proceeds

The government is destroying Nigeria

Here we go again! Not a news though

Every gain made under GEJ has been eroded.

This is the govt that Tinubu helped foist on us.

He must never be allowed to benefit from this.

Tinubu knew Buhari was incompetent but only supported him because it would quicken his presidential ambition. He shall be made to pay for it.

Tinubu will never ever rule this country.

SHAME

Where are the BMC urchins praising PMB in the Siemens thread?

Your god and darling saviour has a trademark of making everything worst.

How can there be electricity when most of the power generating infastructures are sited in the security challenged north. Boko Haram and bandits might be in control of some power plants and critical power assets but trust this government to hide it from you. Just know that an army that cannot defend her base cannot secure any power infastructure.
I have been without electricity for 3 weeks straight now. I have been burning at least 4 litters of fuel on average for the past 3 weeks now. How can enterpreneurs like us survive?
Everything about this country is just bad

Power generation is dropping and they want to increase fuel price,this government is nothing but failure.

I can't believe Nigeria will still be struggling to generate a terrible MW of power in 2021.

From 1999 till 2021, there is no meaningful development in the power sector? This is a big shame

Didn't they say they had to increase tariffs to ensure improved supply? What day f...k happened? These people have no regard for Nigerians...

Mr James Bond Fashola that said a reasonable government will fix power issues. Oga e don reach your turn how far . Afonja talkative.

Under any AWUSA-FOOL ANI savage animal, this country can never know peace.
This country can never see growth and development.

Imagine a country of about 200 million people still struggling to generate 1k mw of electricity. This is like the total consumption of electricity at Heathrowairport in England.

6th largest producer of oil in the world with no functional refineries and no electricity.

We now buy gas at >300% inflation since the last two years.

There's virtually nothing you can think of that hasn't doubled in price since the last one year, yet some miserable bastards are still praising this evil government. IT WILL NEVER BE WELL WITH ALL OF YOU AND YOUR ENTIRE GENERATIONS.


The earlier we realized that this country can never work and we go our separate ways the better.

AWUSA-FOOL ani fools don't understand the system of good governance and democracy.
All of the key positions of this country is headed by them and nothing is working and NOTHING CAN EVER WORK.

This is just the beginning,If Tinubu mistakenly becomes president(God forbid),the power we are managing would drop to 300mw
Hahaha
Only on New year day,we would see electricity

RoyalBoutique:
Hopefully by 2023 we would have learnt our lesson.

We Igbos never expected anything from buhari government.

So we're not affected in any way.

This one pass Buhari Government, truth be told.

The thieves refused to roll out prepaid meters since, how will the sector grow? Let energy supplied be paid for.

They only know how to bill people and avoid remitting same to TCN so that they can pay the Generating Companies.

Power has been epileptics in our area!

Jeezuzpick:


This one pass Buhari Government, truth be told.

The thieves refused to roll out prepaid meters since, how will the sector grow? Let energy supplied be paid for.

They only know how to bill people and avoid remitting same to TCN so that they can pay the Generating Companies.

You're right.

But trust me, it all started from Buhari.

Light my kpoli

Wahala for who never switch to off-grid solar system.

And we have Mr President as the Minister of Power

FAKE NEWS, right now I have light in my house so where is this news coming from?

In fact let's ask ourselves, even if we generate so much electricity what will we use it for?

Is it not just to watch television and charge phone?

With all the increased tariffs .....

With all the promises

Nig urgently needs a SANE AND SOUND LEADER

What Bubu cannot destroy does not exist....!

Me some 20yrs ago in IS office, Research Dept of CBN reporting power generation data to my Oga daily.
It was around 3000MW + or - all tru my service year.

20yrs today. Same range.

ok

Most of the power generating infrastructure are in the south...
The power plants in Lagos, ondo, south south states, IMO generate more power than all the power plant in Niger state

JavaScript9091:
How can there be electricity when most of the power generating infastructures are sited in the security challenged north. Boko Haram and bandits might be in control of some power plants and critical power assets but trust this government to hide it from you. Just know that an army that cannot defend her base cannot secure any power infastructure.
I have been without electricity for 3 weeks straight now. I have been burning at least 4 litters of fuel on average for the past 3 weeks now. How can enterpreneurs like us survive?
Everything about this country is just bad

The continent where the devil resides

It all started from obasanjo and the head of state who began subsidizing power..

RoyalBoutique:


You're right.

But trust me, it all started from Buhari.

They have been using propaganda with their mouth to generate power over the years. All that the president campaigned for, he failed woefully.