The federal government says it would boost power generation and stabilise the national grid with an “Adebayo Adelabu, minister of power disclosed this last week at the Nigeria Energy Summit in Lagos.
The minister also said the federal government is ramping up preparations to attain at least 20,000 megawatts of electricity generation in the next three years. The price hike would inflict more pressure on household income and increase the cost of operation of businesses as the inflation rate recently hit a 25 percent high.The federal government says it plans to collaborate with the Nigerian Exchange Limited to stimulateBosun Tijani, minister of communications, innovation and digital economy, disclosed this recently during a tech event in New York.