₦airaland Forum

The Federal Government on Monday, in Abuja expressed its commitment to engage with relevant stakeholders to boost power sector investment for economic development.

A statement by Mr Mohammed Manga, Director, of Information and Public Relations of the Ministry of Finance said that the Minister, Mr Wale Edun, disclosed this at a meeting with World Bank delegates.

The delegate was led by Dr Ndiamé Diop, Country Director for Nigeria and Ms Olu Verheijen, Special Adviser to the President on Energy, the News Agency of Nigeria reports.


The meeting was in view to reaffirm President Bola Tinubu’s Administration’s commitment to repositioning the economy for the future of Nigeria. The minister said that the meeting aimed to discuss innovative ways to drive Nigeria’s power sector forward.

He said that the meeting also focused on World Bank-supported initiatives, which involved the Power Sector Recovery Operation (PSRO) and the Distribution Sector Recovery Programme (DISREP).

He said that the initiatives’ objective was to improve power distribution and management systems to ensure the economic growth of the country.


Edun said that key issues highlighted involved plans to roll out 3.5 million meters to enhance power distribution, 50 million dollars in funding for state solar plant pilots and infrastructure upgrades.

“Also, measures to support tariff frameworks, market reforms and co-financing the Transmission Company of Nigeria’s Performance Improvement Plan.

“This collaboration aims at strengthening Nigeria’s power sector, enhancing energy access, promoting economic growth and development.

“The collaboration also aimed at improving job creation as well as poverty alleviation in line with the Renewed Hope Agenda of the present administration,’’ he said.

Diop, however, expressed its commitment to work with the Federal Government toward achieving the goals for the benefit of all Nigerians.

CyrusVI:
We now have light for close to 16hours a day

This is the dream of every Manufacturing and production firm. The more stable the power supply and distribution is, the easier it is for investors to rust the Govt and bigger it boosts the Economic Development of the country

God Bless PBAT

wailers can empty all their tears in Awkuzu River

Maxtipulation:
Everytime to, to never has

Maxtipulation:
Everytime to, to never has

Confirm4real:
Na only agbadorians dey believe una...

Buhari’s administration to generate 20,000mw of electricity in four years – APCPCO

The All Progressives Congress Presidential Campaign Organisation (APCPCO) on Sunday promised to provide Nigerians with 20,000 megawatts (mw) of electricity within the first four years it takes over governance at the federal level. It maintained that its presidential candidate, General Muhammadu Buhari (rtd) will improve the nation’s power situation significantly, if elected.

The proposed 20,000mw of electricity to be generated by the party in four years time will surpass Nigeria’s present consumption rate of around 15,000mw, the party had said.

Disclosing this in a statement issued by its spokesman, Mallam Garba Shehu, APCPCO expressed disappointment that the federal government under [b]President Goodluck Jonathan-led administration has only succeeded in adding 1.400mw to the national grid in four years.[/b

https://dailypost.ng/2015/02/02/buharis-administration-generate-20000mw-electricity-four-years-apcpco/

anonimi:
Their number must have reduced since APC failed to deliver any of the promises they made in 2015.

BrightFuture32:
Good, thank you FG