The current state of the industry has rendered most of the previous projections by political actors mere lip service, as the country’s prevailing transmitted electricity is below 5,000 megawatts.By forecasts, Nigeria should have been generating 40,000 megawatts, with plans to hit 30 gigawatts by 2030.
According to him, the fund is being provided as interventions through the Central Bank of Nigeria, Siemens Partnership, World Bank, African Development Bank, Japan International Cooperation Agency , French Development Agency, and others.Represented by the Special Adviser to the President on Infrastructure, Ahmad Zakari, Osinbajo stated: “We need more electricity for our large population.
Good for looters! It won't stop Aso rock from running on Mikano and Perkins.
Could you not get it? Nigeria presently has over 10GW of generation capacity sitting idle, unutilised. We continue to look for the solution to the log jam in the power sector in the wrong direction.
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